IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Short Interest Down 71.9% in June

IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,848 shares, a drop of 71.9% from the May 31st total of 13,714 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 3,892 shares, the days-to-cover ratio is presently 1.0 days.

IDX Dynamic Fixed Income ETF Price Performance

NASDAQ DYFI traded up $0.02 on Friday, reaching $22.79. The stock had a trading volume of 1,120 shares, compared to its average volume of 8,797. IDX Dynamic Fixed Income ETF has a 12-month low of $22.57 and a 12-month high of $23.47. The business’s 50-day moving average price is $22.79 and its 200 day moving average price is $22.96.

IDX Dynamic Fixed Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 24th were issued a $0.067 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Trading of IDX Dynamic Fixed Income ETF

A hedge fund recently bought a new stake in IDX Dynamic Fixed Income ETF stock. Palladiem LLC acquired a new position in shares of IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 256,327 shares of the company’s stock, valued at approximately $5,916,000. IDX Dynamic Fixed Income ETF comprises about 5.6% of Palladiem LLC’s investment portfolio, making the stock its 8th largest position. Palladiem LLC owned approximately 10.25% of IDX Dynamic Fixed Income ETF as of its most recent filing with the SEC.

About IDX Dynamic Fixed Income ETF

The IDX Dynamic Fixed Income ETF (DYFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that invests broadly across various sectors of the fixed income markets around the world. Investment could include debt securities of various maturities and credit quality. DYFI was launched on Jan 10, 2024 and is issued by IDX.