CP High Yield Trend ETF (NYSE:HYTR – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 146,005 shares, a growth of 88.6% from the September 15th total of 77,404 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 81,023 shares, the days-to-cover ratio is presently 1.8 days.
CP High Yield Trend ETF Stock Down 0.3%
HYTR stock traded down $0.06 during trading hours on Friday, hitting $20.75. The company’s stock had a trading volume of 22,248 shares, compared to its average volume of 62,767. The company has a market capitalization of $295.69 million, a PE ratio of 10.56 and a beta of 0.24. CP High Yield Trend ETF has a 12 month low of $20.71 and a 12 month high of $21.95. The stock has a 50 day moving average price of $21.08 and a two-hundred day moving average price of $21.27.
About CP High Yield Trend ETF
The CP High Yield Trend ETF (HYTR) is an exchange-traded fund that is based on the CP High Yield Trend index. The fund aims to reduce risk by tracking a rules-based quantitative index of US bonds that will toggling between high yield and treasuries based on momentum. HYTR was launched on Jan 21, 2020 and is managed by Counterpoint.
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