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

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 82,113 shares, a growth of 84.2% from the August 31st total of 44,569 shares. Based on an average daily volume of 153,517 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are sold short.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Price Performance

RISR stock opened at $37.06 on Thursday. The firm has a 50-day simple moving average of $36.69 and a two-hundred day simple moving average of $36.45. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a one year low of $35.25 and a one year high of $37.32.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Tuesday, September 29th.

Institutional Investors Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

Several institutional investors have recently bought and sold shares of the company. Private Wealth Asset Management LLC grew its holdings in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% in the fourth quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock worth $3,536,000 after purchasing an additional 31,178 shares during the last quarter. Reliant Wealth Planning lifted its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 3.3% during the 1st quarter. Reliant Wealth Planning now owns 456,074 shares of the company’s stock valued at $16,519,000 after purchasing an additional 14,657 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of 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 worth $5,472,000 after purchasing an additional 52,744 shares in the last quarter. Claris Financial LLC acquired a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter worth $426,000. Finally, Worth Asset Management LLC purchased a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 2nd quarter worth $234,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Company Profile

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.