Rareview Dynamic Fixed Income ETF (BATS:RDFI) Short Interest Update

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 35,822 shares, a growth of 100.5% from the June 15th total of 17,864 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 13,165 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Trading of Rareview Dynamic Fixed Income ETF

A hedge fund recently bought a new stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC bought a new position in Rareview Dynamic Fixed Income ETF (BATS:RDFI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned about 0.37% of Rareview Dynamic Fixed Income ETF at the end of the most recent reporting period.

Rareview Dynamic Fixed Income ETF Stock Performance

Shares of RDFI opened at $23.92 on Wednesday. The company has a market capitalization of $50.47 million, a PE ratio of 22.64 and a beta of 0.50. The company’s 50 day moving average price is $23.46 and its 200 day moving average price is $23.73. Rareview Dynamic Fixed Income ETF has a 52 week low of $22.51 and a 52 week high of $25.61.

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.