RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Up 72.1% in June

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,413 shares, an increase of 72.1% from the May 31st total of 1,402 shares. Based on an average daily volume of 8,192 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

RiverFront Strategic Income Fund Trading Up 0.1%

Shares of RIGS traded up $0.02 during trading hours on Thursday, hitting $22.77. 1,982 shares of the stock were exchanged, compared to its average volume of 10,686. RiverFront Strategic Income Fund has a fifty-two week low of $20.62 and a fifty-two week high of $24.32. The business has a 50-day moving average of $22.78 and a 200-day moving average of $22.96.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC grew its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,828 shares of the company’s stock after purchasing an additional 6,253 shares during the quarter. Janney Montgomery Scott LLC owned about 1.54% of RiverFront Strategic Income Fund worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.