Ocean Park High Income ETF (NASDAQ:DUKH) Sees Significant Drop in Short Interest

Ocean Park High Income ETF (NASDAQ:DUKH) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 687 shares, a decline of 62.0% from the September 30th total of 1,806 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,551 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Ocean Park High Income ETF

A hedge fund recently raised its position in Ocean Park High Income ETF stock. VestGen Advisors LLC raised its stake in shares of Ocean Park High Income ETF (NASDAQ:DUKH) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,984 shares of the company’s stock after buying an additional 18,627 shares during the period. VestGen Advisors LLC owned 38.64% of Ocean Park High Income ETF worth $8,603,000 at the end of the most recent quarter.

Ocean Park High Income ETF Stock Up 0.0%

NASDAQ:DUKH traded up $0.01 on Friday, reaching $23.23. 1,293 shares of the company’s stock were exchanged, compared to its average volume of 7,185. Ocean Park High Income ETF has a 52-week low of $23.05 and a 52-week high of $24.74. The firm has a market capitalization of $22.30 million, a price-to-earnings ratio of 15.68 and a beta of 0.24. The business has a fifty day moving average of $23.42 and a 200-day moving average of $23.92.

Ocean Park High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Wednesday, October 7th were issued a $0.0320 dividend. The ex-dividend date of this dividend was Wednesday, October 7th. This is a decrease from Ocean Park High Income ETF’s previous monthly dividend of $0.1137. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.7%.

Ocean Park High Income ETF Company Profile

The Ocean Park High Income ETF (DUKH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund-of-funds that tactically allocates assets across high-yield fixed income ETFs that are unconstrained by maturity or geography. The fund seeks to provide total return while mitigating downside risk. DUKH was launched on Jul 10, 2024 and is issued by Ocean Park.