Rareview Dynamic Fixed Income ETF (BATS:RDFI) Short Interest Up 100.5% in June

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 35,822 shares, an increase of 100.5% from the June 15th total of 17,864 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 13,165 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC bought a new position in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned about 0.37% of Rareview Dynamic Fixed Income ETF as of its most recent SEC filing.

Rareview Dynamic Fixed Income ETF Trading Down 1.0%

Shares of RDFI stock opened at $23.67 on Thursday. The company has a market cap of $49.94 million, a P/E ratio of 22.64 and a beta of 0.50. The firm has a fifty day moving average price of $23.46 and a 200 day moving average price of $23.73. Rareview Dynamic Fixed Income ETF has a 12 month low of $22.51 and a 12 month high of $25.61.

Rareview Dynamic Fixed Income ETF Company Profile

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.