Rareview Dynamic Fixed Income ETF (BATS:RDFI – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,878 shares, a growth of 120.5% from the September 15th total of 1,759 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 10,316 shares, the days-to-cover ratio is presently 0.4 days.
Rareview Dynamic Fixed Income ETF Price Performance
Shares of RDFI opened at $21.22 on Thursday. Rareview Dynamic Fixed Income ETF has a one year low of $21.18 and a one year high of $25.61. The company has a market cap of $44.77 million, a P/E ratio of 22.64 and a beta of 0.50. The firm has a 50 day simple moving average of $22.57 and a two-hundred day simple moving average of $23.14.
Rareview Dynamic Fixed Income ETF Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, October 2nd were issued a $0.1601 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.1%. This is a boost from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1595.
Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF
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.
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