Sound Enhanced Fixed Income ETF (NYSE:FXED) Sees Large Decline in Short Interest

Sound Enhanced Fixed Income ETF (NYSE:FXED) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1 shares, a drop of 96.4% from the August 15th total of 28 shares. Based on an average trading volume of 4,431 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Sound Enhanced Fixed Income ETF Trading Down 0.6%

NYSE FXED traded down $0.10 during trading on Thursday, reaching $16.94. The company’s stock had a trading volume of 4,541 shares, compared to its average volume of 6,731. The firm has a market capitalization of $38.62 million, a price-to-earnings ratio of 11.31 and a beta of 0.53. Sound Enhanced Fixed Income ETF has a 12 month low of $16.86 and a 12 month high of $19.00. The firm has a 50 day moving average price of $17.37 and a 200 day moving average price of $17.48.

Sound Enhanced Fixed Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were given a $0.04 dividend. This represents a dividend yield of 556.0%. The ex-dividend date was Thursday, July 30th.

About Sound Enhanced Fixed Income ETF

The Sound Enhanced Fixed Income ETF (FXED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond portfolio that seeks current income and capital appreciation with few limitations in respect to geographic, type, credit, or duration exposure. FXED was launched on Dec 30, 2020 and is managed by Tidal.