FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Sees Large Increase in Short Interest

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 51,219 shares, a growth of 276.6% from the July 30th total of 13,601 shares. Based on an average trading volume of 95,541 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are short sold.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Price Performance

RISR opened at $36.62 on Friday. The business’s fifty day simple moving average is $36.53 and its 200 day simple moving average is $36.30. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52 week low of $35.25 and a 52 week high of $37.15.

Hedge Funds Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

Institutional investors have recently modified their holdings of the company. Harbor Investment Advisory LLC raised its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 53.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 151,069 shares of the company’s stock valued at $5,472,000 after buying an additional 52,744 shares in the last quarter. Private Wealth Asset Management LLC boosted its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% in the fourth quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock worth $3,536,000 after buying an additional 31,178 shares in the last quarter. Reliant Wealth Planning boosted its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 3.3% in the first quarter. Reliant Wealth Planning now owns 456,074 shares of the company’s stock worth $16,519,000 after buying an additional 14,657 shares in the last quarter. Claris Financial LLC purchased a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter worth approximately $426,000. Finally, Janney Montgomery Scott LLC bought a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter valued at approximately $322,000.

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.