Ocean Park High Income ETF (NASDAQ:DUKH) Sees Significant Drop in Short Interest

Ocean Park High Income ETF (NASDAQ:DUKH – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 3,628 shares, a drop of 78.8% from the July 15th total of 17,083 shares. Based on an average daily volume of 4,416 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Ocean Park High Income ETF

A hedge fund recently bought a new stake in Ocean Park High Income ETF stock. Jane Street Group LLC bought a new stake in Ocean Park High Income ETF (NASDAQ:DUKH – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,302 shares of the company’s stock, valued at approximately $495,000. Jane Street Group LLC owned approximately 7.25% of Ocean Park High Income ETF as of its most recent SEC filing.

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Ocean Park High Income ETF Price Performance

Shares of NASDAQ:DUKH traded up $0.08 during trading on Thursday, reaching $23.89. The company had a trading volume of 1,179 shares, compared to its average volume of 8,245. Ocean Park High Income ETF has a fifty-two week low of $23.68 and a fifty-two week high of $24.75. The stock’s fifty day moving average price is $23.88 and its 200 day moving average price is $24.07. The firm has a market capitalization of $24.61 million, a price-to-earnings ratio of 15.68 and a beta of 0.23.

Ocean Park High Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 10th. Shareholders of record on Wednesday, August 5th were paid a $0.1046 dividend. The ex-dividend date of this dividend was Wednesday, August 5th.

About Ocean Park High Income ETF

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The Ocean Park High Income ETF (DUKH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund-of-funds that tactically allocates assets across high-yield fixed income ETFs that are unconstrained by maturity or geography. The fund seeks to provide total return while mitigating downside risk. DUKH was launched on Jul 10, 2024 and is issued by Ocean Park.

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