Frontier Asset Opportunistic Credit ETF (NYSEARCA:FOPC – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,030 shares, a drop of 53.9% from the August 31st total of 2,235 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,885 shares, the days-to-cover ratio is presently 0.5 days.
Frontier Asset Opportunistic Credit ETF Trading Down 1.3%
Shares of NYSEARCA:FOPC traded down $0.32 on Tuesday, hitting $24.31. The company’s stock had a trading volume of 4,217 shares, compared to its average volume of 2,799. Frontier Asset Opportunistic Credit ETF has a 12 month low of $24.30 and a 12 month high of $26.20. The stock’s 50-day moving average is $25.10 and its two-hundred day moving average is $25.34.
Frontier Asset Opportunistic Credit ETF Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.3020 per share. This represents a $1.21 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, September 29th. This is an increase from Frontier Asset Opportunistic Credit ETF’s previous quarterly dividend of $0.2665.
About Frontier Asset Opportunistic Credit ETF
The Frontier Asset Opportunistic Credit ETF (FOPC) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that invests in 6 to 12 underlying ETFs that hold fixed income securities of any credit quality and maturity issued by governments and corporations from around the globe. The fund seeks to provide high income consistent with capital preservation. FOPC was launched on Dec 19, 2024 and is issued by Frontier.
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