IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) Short Interest Down 48.9% in August

IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,955 shares, a drop of 48.9% from the August 15th total of 11,658 shares. Based on an average trading volume of 12,602 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

IDX Dynamic Fixed Income ETF Stock Performance

Shares of DYFI stock opened at $22.45 on Thursday. The firm’s 50 day moving average price is $22.62 and its 200-day moving average price is $22.75. IDX Dynamic Fixed Income ETF has a one year low of $22.44 and a one year high of $23.47.

IDX Dynamic Fixed Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 27th. Shareholders of record on Wednesday, August 26th were given a $0.0761 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in IDX Dynamic Fixed Income ETF stock. Palladiem LLC acquired a new stake in IDX Dynamic Fixed Income ETF (NASDAQ:DYFI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 256,327 shares of the company’s stock, valued at approximately $5,916,000. IDX Dynamic Fixed Income ETF accounts for 5.6% of Palladiem LLC’s holdings, making the stock its 8th biggest holding. Palladiem LLC owned approximately 10.25% of IDX Dynamic Fixed Income ETF at the end of the most recent reporting period.

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.