FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,896 shares, a growth of 127.5% from the September 15th total of 1,273 shares. Based on an average daily trading volume, of 6,840 shares, the short-interest ratio is presently 0.4 days. Approximately 0.6% of the shares of the company are short sold.
FolioBeyond Enhanced Fixed Income Premium ETF Stock Performance
Shares of FIXP stock opened at $19.13 on Tuesday. The firm has a market cap of $9.95 million, a price-to-earnings ratio of 13.70 and a beta of 0.13. FolioBeyond Enhanced Fixed Income Premium ETF has a 52 week low of $19.03 and a 52 week high of $20.46. The firm’s 50-day simple moving average is $19.59 and its two-hundred day simple moving average is $19.76.
FolioBeyond Enhanced Fixed Income Premium ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.8%. This is an increase from FolioBeyond Enhanced Fixed Income Premium ETF’s previous monthly dividend of $0.08.
FolioBeyond Enhanced Fixed Income Premium ETF Company Profile
The FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, aiming to provide income and, secondarily, long-term capital appreciation. The fund employs a proprietary model to invest in a diversified portfolio of fixed-income sector ETFs across varying maturities and credit qualities, with an options overlay strategy to enhance income. FIXP was launched on Jan 22, 2025 and is issued by FolioBeyond.
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