RiverNorth Active Income ETF (BATS:CEFZ) Sees Large Growth in Short Interest

RiverNorth Active Income ETF (BATS:CEFZ) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 45,026 shares, a growth of 298.6% from the October 15th total of 11,296 shares. Based on an average daily trading volume, of 23,994 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in RiverNorth Active Income ETF stock. Diversified Trust Co bought a new position in RiverNorth Active Income ETF (BATS:CEFZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 126,565 shares of the company’s stock, valued at approximately $996,000. Diversified Trust Co owned about 2.47% of RiverNorth Active Income ETF as of its most recent filing with the Securities and Exchange Commission.

RiverNorth Active Income ETF Price Performance

CEFZ stock opened at $7.91 on Thursday. The firm has a 50 day simple moving average of $7.93 and a 200-day simple moving average of $8.13. RiverNorth Active Income ETF has a twelve month low of $7.57 and a twelve month high of $8.70.

RiverNorth Active Income ETF Company Profile

The RiverNorth Active Income ETF (CEFZ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide long-term capital appreciation and income by tactically allocating investments in various asset classes from around the world. The actively managed fund-of-funds uses research and analysis to invest in closed-end funds, ETFs, individual equity, and fixed income securities CEFZ was launched on Dec 27, 2006 and is issued by Truemark Group.