RiverNorth Active Income ETF (BATS:CEFZ) Shares Shorted: Short Interest Up 298.6% in October

RiverNorth Active Income ETF (BATS:CEFZ) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 45,026 shares, a growth of 298.6% from the October 15th total of 11,296 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 23,994 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On RiverNorth Active Income ETF

A hedge fund recently bought a new position in RiverNorth Active Income ETF stock. Diversified Trust Co purchased a new position in RiverNorth Active Income ETF (BATS:CEFZ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 126,565 shares of the company’s stock, valued at approximately $996,000. Diversified Trust Co owned approximately 2.47% of RiverNorth Active Income ETF as of its most recent filing with the Securities & Exchange Commission.

RiverNorth Active Income ETF Stock Up 0.5%

CEFZ opened at $7.91 on Thursday. RiverNorth Active Income ETF has a twelve month low of $7.57 and a twelve month high of $8.70. The company has a fifty day simple moving average of $7.93 and a 200 day simple moving average of $8.13.

About RiverNorth Active Income ETF

The RiverNorth Active Income ETF (CEFZ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide long-term capital appreciation and income by tactically allocating investments in various asset classes from around the world. The actively managed fund-of-funds uses research and analysis to invest in closed-end funds, ETFs, individual equity, and fixed income securities CEFZ was launched on Dec 27, 2006 and is issued by Truemark Group.