FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Sees Large Decline in Short Interest

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 53,076 shares, a decline of 37.1% from the May 31st total of 84,318 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 151,671 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RISR. Harbor Investment Advisory LLC increased its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 53.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 151,069 shares of the company’s stock valued at $5,472,000 after buying an additional 52,744 shares during the last quarter. Private Wealth Asset Management LLC boosted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% during the 4th quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock worth $3,536,000 after buying an additional 31,178 shares during the last quarter. Reliant Wealth Planning acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 3rd quarter worth about $15,713,000. Claris Financial LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 1st quarter worth about $426,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter valued at about $322,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Price Performance

RISR stock opened at $36.18 on Friday. The business has a 50-day moving average of $36.32 and a 200-day moving average of $36.14. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a fifty-two week low of $35.25 and a fifty-two week high of $37.50.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.