Rareview Dynamic Fixed Income ETF (BATS:RDFI) Sees Large Increase in Short Interest

Rareview Dynamic Fixed Income ETF (BATS:RDFI) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 29,819 shares, a growth of 132.1% from the April 30th total of 12,848 shares. Based on an average trading volume of 13,561 shares, the short-interest ratio is currently 2.2 days. Approximately 1.4% of the shares of the company are sold short.

Rareview Dynamic Fixed Income ETF Stock Down 0.5%

Shares of BATS RDFI opened at $23.52 on Tuesday. Rareview Dynamic Fixed Income ETF has a 52 week low of $22.29 and a 52 week high of $25.61. The firm has a 50-day moving average price of $23.41 and a 200 day moving average price of $23.80. The stock has a market capitalization of $49.63 million, a price-to-earnings ratio of 22.64 and a beta of 0.50.

Institutional Trading of Rareview Dynamic Fixed Income ETF

An institutional investor recently bought a new position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC acquired a new stake in Rareview Dynamic Fixed Income ETF (BATS:RDFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned 0.37% of Rareview Dynamic Fixed Income ETF as of its most recent SEC filing.

Rareview Dynamic Fixed Income ETF Company Profile

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.