Rareview Tax Advantaged Income ETF (BATS:RTAI – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 726 shares, a growth of 101.1% from the September 30th total of 361 shares. Based on an average daily volume of 690 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.
Rareview Tax Advantaged Income ETF Trading Up 0.3%
Shares of RTAI opened at $19.81 on Friday. The stock has a 50-day moving average price of $19.62 and a 200-day moving average price of $20.88. Rareview Tax Advantaged Income ETF has a 12-month low of $18.36 and a 12-month high of $22.18.
Rareview Tax Advantaged Income ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, October 2nd were paid a dividend of $0.0895 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from Rareview Tax Advantaged Income ETF’s previous monthly dividend of $0.0863. The ex-dividend date of this dividend was Friday, October 2nd.
About Rareview Tax Advantaged Income ETF
The Rareview Tax Advantaged Income ETF (RTAI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively selects US municipal bond closed-end funds (CEFs), seeking to provide current income. RTAI was launched on Oct 21, 2020 and is managed by Rareview Funds.
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