RH Tactical Rotation ETF (NYSEARCA:RHRX) Sees Large Drop in Short Interest

RH Tactical Rotation ETF (NYSEARCA:RHRX) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,798 shares, a drop of 39.9% from the September 30th total of 6,320 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,315 shares, the days-to-cover ratio is presently 0.9 days.

RH Tactical Rotation ETF Stock Performance

RHRX stock traded down $0.12 during midday trading on Monday, hitting $21.47. 32,159 shares of the company’s stock were exchanged, compared to its average volume of 14,882. The stock’s fifty day moving average price is $21.62 and its 200-day moving average price is $20.83. The company has a market cap of $58.18 million, a PE ratio of 22.83 and a beta of 0.92. RH Tactical Rotation ETF has a one year low of $17.46 and a one year high of $23.45.

Institutional Investors Weigh In On RH Tactical Rotation ETF

Large investors have recently modified their holdings of the business. Partners Wealth Management LLC raised its position in shares of RH Tactical Rotation ETF by 492.4% during the third quarter. Partners Wealth Management LLC now owns 1,285,309 shares of the company’s stock worth $27,596,000 after purchasing an additional 1,068,344 shares during the period. Integrity Alliance LLC. acquired a new position in shares of RH Tactical Rotation ETF in the 3rd quarter valued at approximately $10,096,000. MGO One Seven LLC acquired a new position in shares of RH Tactical Rotation ETF in the 3rd quarter valued at approximately $1,241,000. Avior Wealth Management LLC acquired a new position in shares of RH Tactical Rotation ETF in the 3rd quarter valued at approximately $685,000. Finally, NewEdge Advisors LLC increased its stake in RH Tactical Rotation ETF by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 25,658 shares of the company’s stock worth $487,000 after purchasing an additional 646 shares in the last quarter.

RH Tactical Rotation ETF Company Profile

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.