FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Stock Short Interest Drops 93.3%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 6,349 shares, a drop of 93.3% from the October 15th total of 94,311 shares. Based on an average daily trading volume, of 372,982 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Trading Up 0.1%

NYSEARCA RISR traded up $0.03 on Tuesday, hitting $36.89. The company’s stock had a trading volume of 109,969 shares, compared to its average volume of 109,224. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 1-year low of $35.25 and a 1-year high of $38.21. The company’s 50-day moving average is $36.89 and its 200 day moving average is $36.43.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Thursday, October 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Worth Asset Management LLC bought a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the second quarter valued at approximately $234,000. Janney Montgomery Scott LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter worth approximately $322,000. Claris Financial LLC bought a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter valued at $426,000. Harbor Investment Advisory LLC boosted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 7.8% in the 2nd quarter. Harbor Investment Advisory LLC now owns 162,869 shares of the company’s stock valued at $5,896,000 after purchasing an additional 11,800 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 20.5% during the third quarter. Farther Finance Advisors LLC now owns 238,744 shares of the company’s stock worth $8,848,000 after buying an additional 40,603 shares during the period.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

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.