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The Fund intends to achieve its investment objective by investing primarily in high yield corporate bonds (or "junk bonds"). The Advisor uses a bottom-up, value-driven process to select securities for the Fund's portfolio. The Advisor assesses the potential for improving or deteriorating credit situations for these companies using a proprietary rating system to quantify credit risk through default risk and loan recovery rankings, the Advisor assigns a KDP Default Risk Rating ("DRR"), which is a proprietary risk rating assigned by the Advisor, to each company. The fund invests in U.S. dollar denominated, high yield corporate bonds. The securities selected for the Fund's portfolio will have a DRR. The DRR is intended to measure the probability that the issuer will default on its obligations over a five-year period. The DRR is determined by evaluating the issuer's potential for generating cash flow, its financial strength and overall liquidity, the strength of its products and business plan, and the prospects for overall growth of the industry in which the company operates.
Obra Defensive High Yield ETF trades on the ARCA stock market under the symbol ODHY.
As of January 2, 2026, ODHY stock price was flat at $10.07 with 2 million shares trading.
ODHY has a market cap of $5.14 million. This is considered a Sub-Micro Cap stock.
ODHY support price is $10.07 and resistance is $10.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ODHY shares will trade within this expected range on the day.
