Frontier Asset Opportunistic Credit ETF (NYSEARCA:FOPC) Shares Shorted: Short Interest Down 53.9% in September

Frontier Asset Opportunistic Credit ETF (NYSEARCA:FOPC) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,030 shares, a drop of 53.9% from the August 31st total of 2,235 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,885 shares, the days-to-cover ratio is presently 0.5 days.

Frontier Asset Opportunistic Credit ETF Stock Performance

FOPC stock traded down $0.33 during midday trading on Wednesday, hitting $24.30. 700 shares of the company’s stock were exchanged, compared to its average volume of 2,799. Frontier Asset Opportunistic Credit ETF has a one year low of $24.30 and a one year high of $26.20. The stock’s fifty day moving average price is $25.10 and its 200-day moving average price is $25.34.

Frontier Asset Opportunistic Credit ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.3020 per share. This is a boost from Frontier Asset Opportunistic Credit ETF’s previous quarterly dividend of $0.2665. The ex-dividend date is Tuesday, September 29th. This represents a $1.21 annualized dividend and a dividend yield of 5.0%.

Frontier Asset Opportunistic Credit ETF Company Profile

The Frontier Asset Opportunistic Credit ETF (FOPC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that invests in 6 to 12 underlying ETFs that hold fixed income securities of any credit quality and maturity issued by governments and corporations from around the globe. The fund seeks to provide high income consistent with capital preservation. FOPC was launched on Dec 19, 2024 and is issued by Frontier.