Rareview Systematic Equity ETF (BATS:RSEE) Sees Large Drop in Short Interest

Rareview Systematic Equity ETF (BATS:RSEE) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 3,694 shares, a decrease of 55.9% from the April 30th total of 8,377 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 9,926 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rareview Systematic Equity ETF stock. Janney Montgomery Scott LLC raised its holdings in shares of Rareview Systematic Equity ETF (BATS:RSEE) by 34.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,854 shares of the company’s stock after acquiring an additional 14,698 shares during the quarter. Janney Montgomery Scott LLC owned approximately 3.21% of Rareview Systematic Equity ETF worth $1,889,000 as of its most recent filing with the SEC.

Rareview Systematic Equity ETF Stock Performance

BATS:RSEE opened at $39.67 on Monday. The stock has a 50-day simple moving average of $36.13 and a 200-day simple moving average of $35.24. The stock has a market cap of $71.41 million, a P/E ratio of 21.27 and a beta of 0.69. Rareview Systematic Equity ETF has a 1 year low of $28.49 and a 1 year high of $39.78.

Rareview Systematic Equity ETF Company Profile

The Rareview Systematic Equity ETF (RSEE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that employs a long\u002Fshort systematic strategy to provide exposure to global equity markets. RSEE was launched on Jan 20, 2022 and is managed by Rareview Funds.