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

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,372 shares, an increase of 90.8% from the January 15th total of 719 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 20,978 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 20,978 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC raised its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,828 shares of the company’s stock after buying an additional 6,253 shares during the quarter. Janney Montgomery Scott LLC owned about 1.54% of RiverFront Strategic Income Fund worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

RiverFront Strategic Income Fund Stock Performance

RIGS opened at $23.26 on Friday. The firm’s fifty day moving average is $23.12 and its 200 day moving average is $23.17. RiverFront Strategic Income Fund has a fifty-two week low of $21.24 and a fifty-two week high of $24.32.

RiverFront Strategic Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were given a dividend of $0.0877 per share. The ex-dividend date was Thursday, January 22nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.