RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Update

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 128 shares, a decline of 52.2% from the August 15th total of 268 shares. Based on an average trading volume of 21,741 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC raised its position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned about 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent SEC filing.

RiverFront Strategic Income Fund Price Performance

NYSEARCA:RIGS opened at $22.35 on Monday. RiverFront Strategic Income Fund has a 1 year low of $20.62 and a 1 year high of $24.32. The business has a fifty day moving average of $22.58 and a 200-day moving average of $22.76.

About RiverFront Strategic Income Fund

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.