FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP) Sees Large Decline in Short Interest

FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,124 shares, a decline of 59.3% from the July 30th total of 2,765 shares. Based on an average daily volume of 503 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.2% of the shares of the company are sold short.

FolioBeyond Enhanced Fixed Income Premium ETF Price Performance

Shares of FolioBeyond Enhanced Fixed Income Premium ETF stock opened at $19.89 on Friday. The stock has a market capitalization of $9.95 million, a P/E ratio of 13.70 and a beta of 0.11. The stock has a 50 day moving average price of $19.87 and a two-hundred day moving average price of $19.85. FolioBeyond Enhanced Fixed Income Premium ETF has a 12-month low of $19.46 and a 12-month high of $20.46.

About FolioBeyond Enhanced Fixed Income Premium ETF

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.