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

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 128 shares, a decline of 52.2% from the August 15th total of 268 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 21,741 shares, the short-interest ratio is currently 0.0 days.

RiverFront Strategic Income Fund Price Performance

RIGS stock traded down $0.01 during mid-day trading on Wednesday, reaching $22.32. The company had a trading volume of 6,038 shares, compared to its average volume of 10,953. The firm has a 50 day moving average of $22.58 and a 200 day moving average of $22.75. RiverFront Strategic Income Fund has a 12 month low of $20.62 and a 12 month high of $24.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC bought a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned approximately 0.68% of RiverFront Strategic Income Fund at the end of the most recent reporting period.

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.