RH Tactical Rotation ETF (NYSEARCA:RHRX) Sees Significant Drop in Short Interest

RH Tactical Rotation ETF (NYSEARCA:RHRX) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 5,873 shares, a decline of 83.8% from the June 30th total of 36,205 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,433 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On RH Tactical Rotation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHRX. Partners Wealth Management LLC increased its stake in shares of RH Tactical Rotation ETF by 40.3% in the 1st quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock valued at $3,703,000 after purchasing an additional 56,041 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of RH Tactical Rotation ETF by 63.9% during the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock worth $782,000 after buying an additional 16,724 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of RH Tactical Rotation ETF during the 4th quarter worth $305,000. NewEdge Advisors LLC grew its position in RH Tactical Rotation ETF by 77.1% in the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock valued at $460,000 after acquiring an additional 10,890 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in RH Tactical Rotation ETF during the first quarter worth about $149,000.

RH Tactical Rotation ETF Stock Performance

Shares of NYSEARCA RHRX remained flat at $21.40 during trading hours on Friday. 1,809 shares of the company traded hands, compared to its average volume of 11,699. The firm has a market cap of $39.16 million, a P/E ratio of 22.83 and a beta of 0.92. The firm has a fifty day moving average of $21.80 and a two-hundred day moving average of $20.32. RH Tactical Rotation ETF has a twelve month low of $16.46 and a twelve month high of $23.45.

RH Tactical Rotation ETF Company Profile

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.