FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Shares Shorted: Short Interest Up 84.2% in September

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 82,113 shares, a growth of 84.2% from the August 31st total of 44,569 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 153,517 shares, the short-interest ratio is presently 0.5 days.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance

Shares of NYSEARCA RISR traded down $0.14 during trading on Tuesday, reaching $36.80. 302,293 shares of the company traded hands, compared to its average volume of 81,357. The firm has a 50 day simple moving average of $36.68 and a 200-day simple moving average of $36.44. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52-week low of $35.25 and a 52-week high of $37.10.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.16 annualized dividend and a yield of 5.9%.

Institutional Investors Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

A number of hedge funds have recently added to or reduced their stakes in RISR. Worth Asset Management LLC purchased a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 2nd quarter valued at about $234,000. Harbor Investment Advisory LLC lifted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 7.8% in the 2nd quarter. Harbor Investment Advisory LLC now owns 162,869 shares of the company’s stock worth $5,896,000 after purchasing an additional 11,800 shares during the period. Claris Financial LLC purchased a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter worth approximately $426,000. Reliant Wealth Planning boosted its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 3.3% in the first quarter. Reliant Wealth Planning now owns 456,074 shares of the company’s stock worth $16,519,000 after buying an additional 14,657 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter valued at approximately $322,000.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.