RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 268 shares, a drop of 93.2% from the July 30th total of 3,917 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,474 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On RiverFront Strategic Income Fund
An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned about 0.68% of RiverFront Strategic Income Fund at the end of the most recent quarter.
RiverFront Strategic Income Fund Stock Performance
Shares of RIGS stock traded down $0.01 during midday trading on Thursday, hitting $22.64. 3,634 shares of the company were exchanged, compared to its average volume of 10,854. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32. The firm’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $22.82.
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.
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