RiverNorth Patriot ETF (BATS:FLDZ) Short Interest Up 527.4% in August

RiverNorth Patriot ETF (BATS:FLDZ) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,738 shares, a growth of 527.4% from the July 30th total of 277 shares. Based on an average trading volume of 9,808 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On RiverNorth Patriot ETF

An institutional investor recently raised its position in RiverNorth Patriot ETF stock. Wedbush Securities Inc. lifted its position in shares of RiverNorth Patriot ETF (BATS:FLDZ) by 50.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 118,052 shares of the company’s stock after buying an additional 39,406 shares during the period. Wedbush Securities Inc. owned 78.70% of RiverNorth Patriot ETF worth $1,633,000 as of its most recent SEC filing.

RiverNorth Patriot ETF Price Performance

RiverNorth Patriot ETF stock remained flat at $30.96 during midday trading on Thursday. The company had a trading volume of 37 shares, compared to its average volume of 737. The company’s 50-day moving average is $31.17 and its 200-day moving average is $30.36. RiverNorth Patriot ETF has a 1 year low of $28.13 and a 1 year high of $34.15. The firm has a market capitalization of $4.64 million, a P/E ratio of 18.39 and a beta of 0.92.

RiverNorth Patriot ETF Company Profile

The RiverNorth Patriot ETF (FLDZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation. FLDZ was launched on Jan 3, 2022 and is managed by RiverNorth.