Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Drops By 86.9%

RiverFront Strategic Income Fund (NYSEARCA:RIGSGet Free Report) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 180 shares, a decrease of 86.9% from the January 29th total of 1,372 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 14,948 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 14,948 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

RiverFront Strategic Income Fund Stock Performance

Shares of RiverFront Strategic Income Fund stock traded up $0.03 on Wednesday, hitting $23.24. 4,281 shares of the company traded hands, compared to its average volume of 14,910. RiverFront Strategic Income Fund has a 12-month low of $21.25 and a 12-month high of $24.32. The firm’s 50-day simple moving average is $23.14 and its 200 day simple moving average is $23.18.

RiverFront Strategic Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Thursday, February 19th were paid a $0.0832 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, February 19th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGSFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned 0.68% of RiverFront Strategic Income Fund as of its most recent SEC filing.

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.

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