Short Interest in FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Declines By 15.6%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 98,373 shares, a decrease of 15.6% from the December 31st total of 116,617 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 31,291 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 31,291 shares, the short-interest ratio is currently 3.1 days. Currently, 1.9% of the company’s stock are short sold.

Hedge Funds Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

Several institutional investors and hedge funds have recently bought and sold shares of RISR. CoreCap Advisors LLC increased its position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 74.6% during the third quarter. CoreCap Advisors LLC now owns 1,830 shares of the company’s stock worth $66,000 after purchasing an additional 782 shares in the last quarter. Private Wealth Asset Management LLC grew its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 133.3% during the second quarter. Private Wealth Asset Management LLC now owns 56,114 shares of the company’s stock worth $2,052,000 after acquiring an additional 32,064 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 1,409.3% during the third quarter. Harbor Investment Advisory LLC now owns 64,373 shares of the company’s stock valued at $2,307,000 after acquiring an additional 60,108 shares in the last quarter. Finally, Reliant Wealth Planning acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the third quarter valued at about $15,713,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance

FolioBeyond Alternative Income and Interest Rate Hedge ETF stock traded up $0.10 during trading hours on Tuesday, reaching $36.00. The stock had a trading volume of 11,474 shares, compared to its average volume of 44,419. The business’s 50 day moving average price is $35.99 and its 200-day moving average price is $36.23. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52 week low of $35.45 and a 52 week high of $39.44.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were paid a dividend of $0.18 per share. This is a boost from FolioBeyond Alternative Income and Interest Rate Hedge ETF’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 6.0%.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Company Profile

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.