Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Drops By 58.6%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 742 shares, a drop of 58.6% from the April 15th total of 1,792 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,056 shares, the short-interest ratio is presently 0.1 days.

RiverFront Strategic Income Fund Stock Down 0.3%

NYSEARCA RIGS traded down $0.06 during trading on Friday, hitting $22.74. The stock had a trading volume of 35,338 shares, compared to its average volume of 12,172. RiverFront Strategic Income Fund has a one year low of $20.62 and a one year high of $24.32. The stock has a 50 day simple moving average of $22.89 and a 200 day simple moving average of $23.06.

Institutional Trading of RiverFront Strategic Income Fund

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned approximately 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.