Peritus High Yield ETF (NYSEARCA:HYLD) Share Price Passes Below Two Hundred Day Moving Average of $25.88

Posted by Defense World Staff on Sep 14th, 2023

Peritus High Yield ETF (NYSEARCA:HYLD – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.88 and traded as low as $25.30. Peritus High Yield ETF shares last traded at $25.49, with a volume of 43,200 shares trading hands.

Peritus High Yield ETF Stock Performance

The stock has a market cap of $94.31 million, a price-to-earnings ratio of 21.29 and a beta of 0.48. The firm’s 50-day simple moving average is $25.55 and its two-hundred day simple moving average is $25.88.

Peritus High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend was Tuesday, June 27th.

Institutional Trading of Peritus High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new position in Peritus High Yield ETF during the first quarter worth $964,000. Janney Montgomery Scott LLC increased its position in Peritus High Yield ETF by 30.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,446 shares of the exchange traded fund’s stock valued at $302,000 after purchasing an additional 2,667 shares during the period. Finally, Summit Financial LLC increased its position in Peritus High Yield ETF by 4.5% during the 1st quarter. Summit Financial LLC now owns 31,149 shares of the exchange traded fund’s stock valued at $821,000 after purchasing an additional 1,354 shares during the period.

About Peritus High Yield ETF

(Get Free Report)

The High Yield ETF (HYLD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to generate high current income and capital appreciation via high-yield corporate debt securities of any maturity. HYLD was launched on Nov 30, 2010 and is managed by Eve Capital.