CP High Yield Trend ETF (NYSE:HYTR – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 146,005 shares, an increase of 88.6% from the September 15th total of 77,404 shares. Based on an average daily volume of 81,023 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.0% of the shares of the stock are sold short.
CP High Yield Trend ETF Price Performance
Shares of NYSE:HYTR opened at $20.75 on Friday. The company’s fifty day moving average price is $21.06 and its 200-day moving average price is $21.27. The firm has a market capitalization of $295.69 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. CP High Yield Trend ETF has a one year low of $20.71 and a one year high of $21.95.
About CP High Yield Trend ETF
The CP High Yield Trend ETF (HYTR) is an exchange-traded fund that is based on the CP High Yield Trend index. The fund aims to reduce risk by tracking a rules-based quantitative index of US bonds that will toggling between high yield and treasuries based on momentum. HYTR was launched on Jan 21, 2020 and is managed by Counterpoint.
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