RiverFront Strategic Income Fund (NYSEARCA:RIGS) Sees Large Growth in Short Interest

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,980 shares, a growth of 60.3% from the March 15th total of 1,235 shares. Based on an average daily volume of 21,825 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of RiverFront Strategic Income Fund

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC bought a new position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned approximately 0.68% of RiverFront Strategic Income Fund at the end of the most recent reporting period.

RiverFront Strategic Income Fund Stock Up 0.3%

Shares of NYSEARCA RIGS traded up $0.07 during midday trading on Tuesday, hitting $23.04. 4,546 shares of the company’s stock were exchanged, compared to its average volume of 13,694. RiverFront Strategic Income Fund has a 12-month low of $20.62 and a 12-month high of $24.32. The business’s fifty day moving average price is $23.03 and its two-hundred day moving average price is $23.11.

RiverFront Strategic Income Fund Company Profile

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.