FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Sees Significant Decline in Short Interest

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 34,951 shares, a drop of 64.5% from the January 15th total of 98,373 shares. Based on an average daily volume of 63,584 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 63,584 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RISR. Private Wealth Asset Management LLC increased its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 133.3% in the 2nd quarter. Private Wealth Asset Management LLC now owns 56,114 shares of the company’s stock worth $2,052,000 after purchasing an additional 32,064 shares during the period. CoreCap Advisors LLC grew its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 74.6% in 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 during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 1,409.3% in the third quarter. Harbor Investment Advisory LLC now owns 64,373 shares of the company’s stock worth $2,307,000 after buying an additional 60,108 shares during the period. Finally, Reliant Wealth Planning purchased a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 3rd quarter valued at $15,713,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Trading Down 0.2%

RISR opened at $36.02 on Wednesday. The stock has a 50-day moving average price of $36.02 and a 200-day moving average price of $36.19. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 12-month low of $35.45 and a 12-month high of $39.44.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Increases Dividend

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

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

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.