Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Expands By 199.6%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,789 shares, an increase of 199.6% from the June 30th total of 931 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,180 shares, the short-interest ratio is currently 0.4 days.

RiverFront Strategic Income Fund Stock Performance

NYSEARCA RIGS traded up $0.02 on Tuesday, hitting $22.61. 3,229 shares of the stock were exchanged, compared to its average volume of 10,419. The business’s fifty day moving average is $22.70 and its 200 day moving average is $22.89. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC bought a new stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned about 0.68% of RiverFront Strategic Income Fund as of its most recent filing with the Securities and Exchange Commission.

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.