Ocean Park High Income ETF (NASDAQ:DUKH) Trading Down 0.1% – Should You Sell?

Ocean Park High Income ETF (NASDAQ:DUKH) dropped 0.1% during trading on Wednesday . The stock traded as low as $24.46 and last traded at $24.4750. Approximately 403 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,596 shares. The stock had previously closed at $24.49.

Ocean Park High Income ETF Stock Down 0.1%

The business’s fifty day moving average is $24.50 and its two-hundred day moving average is $24.36. The stock has a market cap of $7.34 million, a price-to-earnings ratio of 15.68 and a beta of 0.30.

Ocean Park High Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Wednesday, November 5th were paid a $0.1045 dividend. The ex-dividend date was Wednesday, November 5th. This represents a c) annualized dividend and a dividend yield of 5.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DUKH. Jane Street Group LLC acquired a new position in Ocean Park High Income ETF during the 2nd quarter worth $495,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ocean Park High Income ETF in the 3rd quarter valued at about $636,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Ocean Park High Income ETF by 48.7% during the first quarter. Envestnet Asset Management Inc. now owns 35,246 shares of the company’s stock worth $872,000 after buying an additional 11,544 shares in the last quarter.

About Ocean Park High Income ETF

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.