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

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,235 shares, a drop of 35.7% from the February 26th total of 1,920 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,678 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned approximately 0.68% of RiverFront Strategic Income Fund at the end of the most recent quarter.

RiverFront Strategic Income Fund Stock Performance

RiverFront Strategic Income Fund stock traded down $0.07 during midday trading on Friday, reaching $22.66. The company’s stock had a trading volume of 3,239 shares, compared to its average volume of 14,894. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32. The business has a 50-day moving average price of $23.07 and a 200-day moving average price of $23.15.

RiverFront Strategic Income Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were issued a dividend of $0.0897 per share. This is a boost from RiverFront Strategic Income Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 4.8%.

RiverFront Strategic Income Fund Company Profile

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.