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

Sound Enhanced Fixed Income ETF (NYSE:FXED) saw 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 daily volume of 4,431 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Sound Enhanced Fixed Income ETF Price Performance

FXED traded down $0.10 on Thursday, hitting $16.94. 4,541 shares of the stock were exchanged, compared to its average volume of 6,731. Sound Enhanced Fixed Income ETF has a 12 month low of $16.86 and a 12 month high of $19.00. The business has a 50-day moving average of $17.37 and a two-hundred day moving average of $17.48. 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 Announces Dividend

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

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.