Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Rises By 72.1%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,413 shares, an increase of 72.1% from the May 31st total of 1,402 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,192 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC bought a new stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned about 0.68% of RiverFront Strategic Income Fund as of its most recent filing with the SEC.

RiverFront Strategic Income Fund Price Performance

RIGS opened at $22.74 on Friday. The business’s 50-day moving average price is $22.78 and its two-hundred day moving average price is $22.96. RiverFront Strategic Income Fund has a 1 year low of $20.62 and a 1 year high of $24.32.

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.