RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) saw a significant increase in short interest in the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 7,180 shares, the short-interest ratio is currently 0.4 days.
RiverFront Strategic Income Fund Price Performance
Shares of RIGS traded up $0.06 during mid-day trading on Monday, reaching $22.64. 245 shares of the company were exchanged, compared to its average volume of 10,415. The business has a 50 day simple moving average of $22.70 and a two-hundred day simple moving average of $22.90. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC acquired a new stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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.
About RiverFront Strategic Income Fund
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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