Rareview Dynamic Fixed Income ETF (BATS:RDFI) Sees Significant Decline in Short Interest

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,759 shares, a drop of 79.3% from the August 31st total of 8,497 shares. Based on an average daily trading volume, of 13,836 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Rareview Dynamic Fixed Income ETF Trading Up 0.3%

BATS RDFI opened at $21.85 on Friday. Rareview Dynamic Fixed Income ETF has a 1-year low of $21.73 and a 1-year high of $25.61. The stock has a 50-day moving average of $23.07 and a 200-day moving average of $23.32. The firm has a market cap of $46.10 million, a PE ratio of 22.64 and a beta of 0.50.

Rareview Dynamic Fixed Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were paid a $0.1629 dividend. This is an increase from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1605. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.96 dividend on an annualized basis and a yield of 8.9%.

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.