Ocean Park High Income ETF (NASDAQ:DUKH) Stock Short Interest Drops 62.0%

Ocean Park High Income ETF (NASDAQ:DUKH) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 687 shares, a decrease of 62.0% from the September 30th total of 1,806 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,551 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Ocean Park High Income ETF

A hedge fund recently raised its stake in Ocean Park High Income ETF stock. VestGen Advisors LLC raised its holdings in shares of Ocean Park High Income ETF (NASDAQ:DUKH) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 370,984 shares of the company’s stock after buying an additional 18,627 shares during the period. VestGen Advisors LLC owned about 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 Trading Up 0.0%

Ocean Park High Income ETF stock opened at $23.20 on Thursday. Ocean Park High Income ETF has a 1-year low of $23.05 and a 1-year high of $24.74. The firm’s fifty day moving average price is $23.43 and its two-hundred day moving average price is $23.93. The firm has a market capitalization of $22.28 million, a price-to-earnings ratio of 15.68 and a beta of 0.24.

Ocean Park High Income ETF Cuts Dividend

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

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.