RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Update

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 719 shares, a decline of 76.2% from the December 31st total of 3,020 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,652 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 7,652 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,615 shares of the company’s stock after acquiring an additional 2,912 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.12% of RiverFront Strategic Income Fund worth $1,038,000 at the end of the most recent reporting period.

RiverFront Strategic Income Fund Price Performance

RIGS stock traded down $0.04 during mid-day trading on Thursday, reaching $23.08. 2,954 shares of the company traded hands, compared to its average volume of 14,734. The firm’s 50 day moving average price is $23.12 and its 200 day moving average price is $23.16. RiverFront Strategic Income Fund has a fifty-two week low of $21.24 and a fifty-two week high of $24.32.

RiverFront Strategic Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were given a $0.0877 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, January 22nd.

About RiverFront Strategic Income Fund

The RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. RIGS was launched on Oct 9, 2013 and is managed by RiverFront.