Rareview Dynamic Fixed Income ETF (BATS:RDFI) Shares Shorted: Short Interest Up 120.5% in September

Rareview Dynamic Fixed Income ETF (BATS:RDFI – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,878 shares, a growth of 120.5% from the September 15th total of 1,759 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 10,316 shares, the days-to-cover ratio is presently 0.4 days.

Rareview Dynamic Fixed Income ETF Price Performance

Shares of RDFI opened at $21.22 on Thursday. Rareview Dynamic Fixed Income ETF has a one year low of $21.18 and a one year high of $25.61. The company has a market cap of $44.77 million, a P/E ratio of 22.64 and a beta of 0.50. The firm has a 50 day simple moving average of $22.57 and a two-hundred day simple moving average of $23.14.

Rareview Dynamic Fixed Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, October 2nd were issued a $0.1601 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.1%. This is a boost from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1595.

Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF

An institutional investor recently raised its stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC lifted its holdings in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI – Free Report) by 272.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,353 shares of the company’s stock after buying an additional 25,125 shares during the period. Noble Wealth Management PBC owned about 1.63% of Rareview Dynamic Fixed Income ETF worth $745,000 as of its most recent filing with the SEC.

Rareview Dynamic Fixed Income ETF Company Profile

(Get Free Report)

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.

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