Short Interest in RiverNorth Patriot ETF (BATS:FLDZ) Decreases By 41.5%

RiverNorth Patriot ETF (BATS:FLDZ) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,017 shares, a decline of 41.5% from the August 15th total of 1,738 shares. Based on an average daily trading volume, of 335 shares, the short-interest ratio is currently 3.0 days. Approximately 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RiverNorth Patriot ETF stock. Wedbush Securities Inc. boosted its holdings in RiverNorth Patriot ETF (BATS:FLDZ) by 50.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,052 shares of the company’s stock after purchasing an additional 39,406 shares during the period. Wedbush Securities Inc. owned about 78.70% of RiverNorth Patriot ETF worth $1,633,000 at the end of the most recent reporting period.

RiverNorth Patriot ETF Price Performance

Shares of FLDZ stock opened at $28.67 on Friday. RiverNorth Patriot ETF has a 12 month low of $28.13 and a 12 month high of $34.15. The firm has a market capitalization of $4.30 million, a P/E ratio of 18.39 and a beta of 0.92. The company’s fifty day moving average price is $30.58 and its two-hundred day moving average price is $30.26.

RiverNorth Patriot ETF Company Profile

The RiverNorth Patriot ETF (FLDZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation. FLDZ was launched on Jan 3, 2022 and is managed by RiverNorth.