Short Interest in Rareview Systematic Equity ETF (BATS:RSEE) Decreases By 55.6%

Rareview Systematic Equity ETF (BATS:RSEE) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 7,482 shares, a decline of 55.6% from the June 30th total of 16,857 shares. Based on an average daily trading volume, of 4,206 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the company’s stock are short sold.

Rareview Systematic Equity ETF Price Performance

Rareview Systematic Equity ETF stock opened at $37.96 on Tuesday. The firm has a 50-day moving average of $38.92 and a 200-day moving average of $36.67. Rareview Systematic Equity ETF has a one year low of $29.93 and a one year high of $40.36. The company has a market cap of $68.33 million, a price-to-earnings ratio of 21.27 and a beta of 0.69.

Institutional Trading of Rareview Systematic Equity ETF

A hedge fund recently raised its position in Rareview Systematic Equity ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of Rareview Systematic Equity ETF (BATS:RSEE) by 34.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,854 shares of the company’s stock after purchasing an additional 14,698 shares during the period. Janney Montgomery Scott LLC owned 3.21% of Rareview Systematic Equity ETF worth $1,889,000 as of its most recent filing with the SEC.

About Rareview Systematic Equity ETF

The Rareview Systematic Equity ETF (RSEE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that employs a long\u002Fshort systematic strategy to provide exposure to global equity markets. RSEE was launched on Jan 20, 2022 and is managed by Rareview Funds.