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

RH Tactical Rotation ETF (NYSEARCA:RHRX) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 9,346 shares, an increase of 59.1% from the July 15th total of 5,873 shares. Based on an average daily trading volume, of 8,002 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are sold short.

RH Tactical Rotation ETF Price Performance

RHRX stock opened at $21.91 on Thursday. The stock has a market capitalization of $40.10 million, a price-to-earnings ratio of 22.83 and a beta of 0.92. The business’s fifty day moving average price is $21.83 and its two-hundred day moving average price is $20.73. RH Tactical Rotation ETF has a fifty-two week low of $16.86 and a fifty-two week high of $23.45.

Institutional Trading of RH Tactical Rotation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Partners Wealth Management LLC raised its holdings in RH Tactical Rotation ETF by 40.3% in the 1st quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock valued at $3,703,000 after acquiring an additional 56,041 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of RH Tactical Rotation ETF by 63.9% during the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock worth $782,000 after purchasing an additional 16,724 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of RH Tactical Rotation ETF in the fourth quarter worth $305,000. NewEdge Advisors LLC increased its position in shares of RH Tactical Rotation ETF by 77.1% in the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock worth $460,000 after purchasing an additional 10,890 shares during the period. Finally, Jane Street Group LLC acquired a new position in RH Tactical Rotation ETF in the first quarter valued at about $149,000.

About RH Tactical Rotation ETF

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.