RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Update

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 128 shares, a decline of 52.2% from the August 15th total of 268 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 21,741 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of RiverFront Strategic Income Fund

An institutional investor recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,378 shares of the company’s stock after buying an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent SEC filing.

RiverFront Strategic Income Fund Stock Performance

Shares of RiverFront Strategic Income Fund stock opened at $22.35 on Monday. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32. The company’s 50-day moving average price is $22.58 and its two-hundred day moving average price is $22.76.

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.