F/m Opportunistic Income ETF (NASDAQ:XFIX) Sees Large Decrease in Short Interest

F/m Opportunistic Income ETF (NASDAQ:XFIX) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 200 shares, a decline of 92.6% from the September 30th total of 2,700 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On F/m Opportunistic Income ETF

A hedge fund recently bought a new stake in F/m Opportunistic Income ETF stock. F M Investments LLC bought a new position in shares of F/m Opportunistic Income ETF (NASDAQ:XFIX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 53,200 shares of the company’s stock, valued at approximately $2,736,000. F M Investments LLC owned about 9.50% of F/m Opportunistic Income ETF at the end of the most recent quarter.

F/m Opportunistic Income ETF Trading Down 0.2 %

XFIX stock traded down $0.08 during mid-day trading on Friday, reaching $52.18. 646 shares of the stock traded hands, compared to its average volume of 1,742. F/m Opportunistic Income ETF has a one year low of $48.42 and a one year high of $53.62. The business has a 50-day moving average price of $52.96 and a two-hundred day moving average price of $52.01.

F/m Opportunistic Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.243 per share. This is a boost from F/m Opportunistic Income ETF’s previous monthly dividend of $0.23. The ex-dividend date was Tuesday, October 1st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 5.59%.

F/m Opportunistic Income ETF Company Profile

The F/m Opportunistic Income ETF (XFIX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that focuses on investing in what is perceived to be undervalued sectors and securities in the US fixed income space. The fund has no limitations in terms of maturity or credit quality.