FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP) Sees Significant Decrease in Short Interest

FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 1,124 shares, a drop of 59.3% from the July 30th total of 2,765 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 503 shares, the days-to-cover ratio is currently 2.2 days.

FolioBeyond Enhanced Fixed Income Premium ETF Stock Performance

FIXP stock opened at $19.89 on Friday. FolioBeyond Enhanced Fixed Income Premium ETF has a 1 year low of $19.46 and a 1 year high of $20.46. The company has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $19.85. The firm has a market cap of $9.95 million, a PE ratio of 13.70 and a beta of 0.11.

About FolioBeyond Enhanced Fixed Income Premium ETF

The FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds, aiming to provide income and, secondarily, long-term capital appreciation. The fund employs a proprietary model to invest in a diversified portfolio of fixed-income sector ETFs across varying maturities and credit qualities, with an options overlay strategy to enhance income. FIXP was launched on Jan 22, 2025 and is issued by FolioBeyond.