RiverFront Strategic Income Fund (NYSEARCA:RIGS) Sees Large Drop in Short Interest

RiverFront Strategic Income Fund (NYSEARCA:RIGSGet Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 268 shares, a drop of 93.2% from the July 30th total of 3,917 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,474 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGSFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 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 at the end of the most recent quarter.

RiverFront Strategic Income Fund Stock Performance

Shares of RIGS stock traded down $0.01 during midday trading on Thursday, hitting $22.64. 3,634 shares of the company were exchanged, compared to its average volume of 10,854. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32. The firm’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $22.82.

RiverFront Strategic Income Fund Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for RiverFront Strategic Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverFront Strategic Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.