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

Rareview Dynamic Fixed Income ETF (BATS:RDFI) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 17,864 shares, a drop of 50.9% from the May 31st total of 36,405 shares. Based on an average trading volume of 12,667 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF

An institutional investor recently bought a new position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC acquired a new position in Rareview Dynamic Fixed Income ETF (BATS:RDFI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned about 0.37% of Rareview Dynamic Fixed Income ETF as of its most recent SEC filing.

Rareview Dynamic Fixed Income ETF Price Performance

Shares of RDFI stock opened at $23.79 on Thursday. The business’s 50 day simple moving average is $23.47 and its 200 day simple moving average is $23.74. Rareview Dynamic Fixed Income ETF has a one year low of $22.51 and a one year high of $25.61. The stock has a market capitalization of $50.20 million, a PE ratio of 22.64 and a beta of 0.50.

Rareview Dynamic Fixed Income ETF Company Profile

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.