Rareview Tax Advantaged Income ETF (BATS:RTAI) Sees Significant Growth in Short Interest

Rareview Tax Advantaged Income ETF (BATS:RTAI) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 726 shares, a growth of 101.1% from the September 30th total of 361 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 690 shares, the short-interest ratio is currently 1.1 days.

Rareview Tax Advantaged Income ETF Stock Performance

Shares of RTAI stock opened at $19.81 on Friday. The stock’s 50 day simple moving average is $19.62 and its two-hundred day simple moving average is $20.88. Rareview Tax Advantaged Income ETF has a 1 year low of $18.36 and a 1 year high of $22.18.

Rareview Tax Advantaged Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, October 2nd were given a dividend of $0.0895 per share. This is a boost from Rareview Tax Advantaged Income ETF’s previous monthly dividend of $0.0863. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.07 dividend on an annualized basis and a yield of 5.4%.

Rareview Tax Advantaged Income ETF Company Profile

The Rareview Tax Advantaged Income ETF (RTAI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively selects US municipal bond closed-end funds (CEFs), seeking to provide current income. RTAI was launched on Oct 21, 2020 and is managed by Rareview Funds.