Rareview Dynamic Fixed Income ETF (BATS:RDFI) Short Interest Down 68.6% in August

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,497 shares, a decline of 68.6% from the August 15th total of 27,101 shares. Based on an average daily trading volume, of 10,572 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are short sold.

Rareview Dynamic Fixed Income ETF Price Performance

Shares of RDFI stock opened at $22.70 on Friday. The company’s fifty day moving average price is $23.36 and its two-hundred day moving average price is $23.46. The firm has a market capitalization of $47.90 million, a P/E ratio of 22.64 and a beta of 0.50. Rareview Dynamic Fixed Income ETF has a 12 month low of $22.51 and a 12 month high of $25.61.

Rareview Dynamic Fixed Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, August 4th were paid a $0.1629 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. This is a positive change from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.16. The ex-dividend date was Tuesday, August 4th.

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.