RH Tactical Rotation ETF (NYSEARCA:RHRX) Sees Significant Decline in Short Interest

RH Tactical Rotation ETF (NYSEARCA:RHRX) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 5,873 shares, a decline of 83.8% from the June 30th total of 36,205 shares. Based on an average trading volume of 16,433 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

RH Tactical Rotation ETF Stock Performance

Shares of RH Tactical Rotation ETF stock remained flat at $21.40 on Friday. The stock had a trading volume of 1,809 shares, compared to its average volume of 11,699. The firm has a market capitalization of $39.16 million, a PE ratio of 22.83 and a beta of 0.92. RH Tactical Rotation ETF has a 52 week low of $16.46 and a 52 week high of $23.45. The company has a fifty day moving average price of $21.80 and a 200 day moving average price of $20.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of RH Tactical Rotation ETF during the first quarter worth $149,000. Susquehanna International Group LLP grew its stake in shares of RH Tactical Rotation ETF by 63.9% in the third quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock valued at $782,000 after acquiring an additional 16,724 shares in the last quarter. LPL Financial LLC increased its position in RH Tactical Rotation ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock worth $920,000 after acquiring an additional 1,313 shares during the period. OLD Mission Capital LLC bought a new position in RH Tactical Rotation ETF during the fourth quarter worth about $305,000. Finally, NewEdge Advisors LLC raised its stake in RH Tactical Rotation ETF by 77.1% in the 4th quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock worth $460,000 after purchasing an additional 10,890 shares in the last quarter.

RH Tactical Rotation ETF Company Profile

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.