Frontier Asset Opportunistic Credit ETF (NYSEARCA:FOPC – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,299 shares, a growth of 761.6% from the September 30th total of 615 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 4,339 shares, the days-to-cover ratio is currently 1.2 days.
Frontier Asset Opportunistic Credit ETF Price Performance
NYSEARCA:FOPC opened at $24.64 on Thursday. The firm has a 50-day moving average of $24.79 and a 200-day moving average of $25.33. Frontier Asset Opportunistic Credit ETF has a one year low of $24.25 and a one year high of $26.20.
Frontier Asset Opportunistic Credit ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 29th were paid a $0.3020 dividend. This represents a $1.21 annualized dividend and a dividend yield of 4.9%. This is a boost from Frontier Asset Opportunistic Credit ETF’s previous quarterly dividend of $0.2665. The ex-dividend date of this dividend was Tuesday, September 29th.
Frontier Asset Opportunistic Credit ETF Company Profile
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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