RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Down 93.2% in August

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 268 shares, a drop of 93.2% from the July 30th total of 3,917 shares. Based on an average daily volume of 5,474 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

RiverFront Strategic Income Fund Price Performance

Shares of NYSEARCA RIGS traded up $0.07 during midday trading on Tuesday, hitting $22.66. 3,600 shares of the company traded hands, compared to its average volume of 10,946. RiverFront Strategic Income Fund has a 12-month low of $20.62 and a 12-month high of $24.32. The stock has a 50-day moving average price of $22.64 and a 200 day moving average price of $22.82.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

About RiverFront Strategic Income Fund

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.