Rareview Tax Advantaged Income ETF (BATS:RTAI) Stock Short Interest Drops 93.1%

Rareview Tax Advantaged Income ETF (BATS:RTAI) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 50 shares, a decline of 93.1% from the October 15th total of 726 shares. Based on an average daily volume of 369 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Rareview Tax Advantaged Income ETF Trading Down 1.7%

Shares of RTAI stock traded down $0.33 during mid-day trading on Tuesday, reaching $19.65. 57 shares of the company’s stock traded hands, compared to its average volume of 1,120. Rareview Tax Advantaged Income ETF has a 12 month low of $18.36 and a 12 month high of $22.18. The firm has a 50 day moving average price of $19.48 and a two-hundred day moving average price of $20.83.

Rareview Tax Advantaged Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, November 3rd were paid a dividend of $0.0811 per share. This is a drop from Rareview Tax Advantaged Income ETF’s previous monthly dividend of $0.0895. The ex-dividend date was Tuesday, November 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.0%.

Rareview Tax Advantaged Income ETF Company Profile

The Rareview Tax Advantaged Income ETF (RTAI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively selects US municipal bond closed-end funds (CEFs), seeking to provide current income. RTAI was launched on Oct 21, 2020 and is managed by Rareview Funds.