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

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 1,980 shares, an increase of 60.3% from the March 15th total of 1,235 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 21,825 shares, the short-interest ratio is currently 0.1 days.

RiverFront Strategic Income Fund Price Performance

Shares of NYSEARCA:RIGS traded up $0.17 during trading on Monday, hitting $22.97. 3,886 shares of the stock were exchanged, compared to its average volume of 13,827. The company’s fifty day simple moving average is $23.03 and its 200-day simple moving average is $23.11. RiverFront Strategic Income Fund has a 1-year low of $20.62 and a 1-year high of $24.32.

RiverFront Strategic Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 19th were given a dividend of $0.0897 per share. This is an increase from RiverFront Strategic Income Fund’s previous monthly dividend of $0.08. The ex-dividend date was Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 4.7%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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

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.