RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,789 shares, an increase of 199.6% from the June 30th total of 931 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 7,180 shares, the short-interest ratio is currently 0.4 days.
RiverFront Strategic Income Fund Stock Up 0.2%
Shares of NYSEARCA RIGS traded up $0.06 during mid-day trading on Monday, reaching $22.64. 245 shares of the company’s stock traded hands, compared to its average volume of 10,415. The business has a 50-day simple moving average of $22.70 and a 200 day simple moving average of $22.90. RiverFront Strategic Income Fund has a 1-year low of $20.62 and a 1-year high of $24.32.
Hedge Funds Weigh In On RiverFront Strategic Income Fund
A hedge fund recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned 0.68% of RiverFront Strategic Income Fund at the end of the most recent quarter.
RiverFront Strategic Income Fund Company Profile
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.
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