Short Interest in FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Drops By 42.3%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 17,232 shares, a decrease of 42.3% from the April 15th total of 29,852 shares. Based on an average daily trading volume, of 48,540 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Price Performance

NYSEARCA:RISR opened at $36.60 on Tuesday. The stock’s fifty day moving average price is $36.28 and its two-hundred day moving average price is $36.07. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52-week low of $35.25 and a 52-week high of $37.50.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sankala Group LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 4th quarter valued at $180,000. Janney Montgomery Scott LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter valued at $322,000. Claris Financial LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter valued at $426,000. Private Wealth Asset Management LLC lifted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 19.0% in the 3rd quarter. Private Wealth Asset Management LLC now owns 66,749 shares of the company’s stock valued at $2,392,000 after purchasing an additional 10,635 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 52.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 98,325 shares of the company’s stock valued at $3,551,000 after purchasing an additional 33,952 shares during the period.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.