RiverFront Strategic Income Fund (NYSEARCA:RIGS) Sees Significant Decrease in Short Interest

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 742 shares, a drop of 58.6% from the April 15th total of 1,792 shares. Based on an average daily trading volume, of 6,056 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

RiverFront Strategic Income Fund Stock Down 0.3%

Shares of NYSEARCA RIGS opened at $22.74 on Friday. RiverFront Strategic Income Fund has a 1-year low of $20.62 and a 1-year high of $24.32. The business’s fifty day moving average price is $22.89 and its two-hundred day moving average price is $23.06.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,828 shares of the company’s stock after buying an additional 6,253 shares during the period. Janney Montgomery Scott LLC owned 1.54% of RiverFront Strategic Income Fund worth $1,079,000 as of its most recent SEC filing.

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.