RH Tactical Rotation ETF (NYSEARCA:RHRX) Shares Shorted: Short Interest Up 54.0% in September

RH Tactical Rotation ETF (NYSEARCA:RHRX) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 17,432 shares, a growth of 54.0% from the August 31st total of 11,319 shares. Based on an average daily volume of 48,387 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the company’s stock are short sold.

RH Tactical Rotation ETF Stock Performance

NYSEARCA:RHRX opened at $21.63 on Friday. The firm has a market cap of $57.75 million, a P/E ratio of 22.83 and a beta of 0.92. RH Tactical Rotation ETF has a fifty-two week low of $17.46 and a fifty-two week high of $23.45. The firm has a 50-day simple moving average of $21.67 and a two-hundred day simple moving average of $21.24.

Hedge Funds Weigh In On RH Tactical Rotation ETF

A hedge fund recently raised its stake in RH Tactical Rotation ETF stock. NewEdge Advisors LLC raised its holdings in shares of RH Tactical Rotation ETF (NYSEARCA:RHRX) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,658 shares of the company’s stock after purchasing an additional 646 shares during the period. NewEdge Advisors LLC owned approximately 1.59% of RH Tactical Rotation ETF worth $487,000 at the end of the most recent 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.