Rareview Dynamic Fixed Income ETF (BATS:RDFI) Short Interest Down 68.6% in August

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 8,497 shares, a decrease of 68.6% from the August 15th total of 27,101 shares. Based on an average daily volume of 10,572 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

Rareview Dynamic Fixed Income ETF Price Performance

Shares of Rareview Dynamic Fixed Income ETF stock opened at $22.70 on Monday. Rareview Dynamic Fixed Income ETF has a 12-month low of $22.51 and a 12-month high of $25.61. The company has a market capitalization of $47.90 million, a price-to-earnings ratio of 22.64 and a beta of 0.50. The firm’s 50-day moving average price is $23.36 and its two-hundred day moving average price is $23.46.

Rareview Dynamic Fixed Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, August 4th were given a dividend of $0.1629 per share. The ex-dividend date was Tuesday, August 4th. This represents a c) annualized dividend and a dividend yield of 8.6%. This is an increase from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.16.

Rareview Dynamic Fixed Income ETF Company Profile

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.