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

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 17,864 shares, a decline of 50.9% from the May 31st total of 36,405 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 12,667 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC purchased a new position in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 Up 0.7%

Shares of BATS:RDFI opened at $23.73 on Tuesday. The stock has a market capitalization of $50.07 million, a PE ratio of 22.64 and a beta of 0.50. The firm’s 50 day moving average price is $23.47 and its 200-day moving average price is $23.74. Rareview Dynamic Fixed Income ETF has a twelve month low of $22.51 and a twelve month 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.