RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Update

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,020 shares, a decline of 31.3% from the December 15th total of 4,393 shares. Based on an average daily volume of 9,871 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,871 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC grew its position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,615 shares of the company’s stock after purchasing an additional 2,912 shares during the quarter. Janney Montgomery Scott LLC owned about 1.12% of RiverFront Strategic Income Fund worth $1,038,000 as of its most recent SEC filing.

RiverFront Strategic Income Fund Stock Down 1.5%

NYSEARCA:RIGS traded down $0.35 during trading hours on Monday, hitting $22.85. 5,455 shares of the company were exchanged, compared to its average volume of 7,405. RiverFront Strategic Income Fund has a one year low of $21.24 and a one year high of $24.32. The company has a fifty day simple moving average of $23.14 and a 200 day simple moving average of $23.16.

About RiverFront Strategic Income Fund

The RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. RIGS was launched on Oct 9, 2013 and is managed by RiverFront.