FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 48,941 shares, a growth of 184.0% from the April 30th total of 17,232 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 62,427 shares, the short-interest ratio is presently 0.8 days.
Institutional Trading of FolioBeyond Alternative Income and Interest Rate Hedge ETF
Several large investors have recently bought and sold shares of RISR. Sankala Group LLC purchased a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the fourth quarter valued at approximately $180,000. Janney Montgomery Scott LLC purchased a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter valued at $322,000. Claris Financial LLC purchased a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter valued at $426,000. Private Wealth Asset Management LLC boosted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% in the fourth quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock valued at $3,536,000 after purchasing an additional 31,178 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 52.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 98,325 shares of the company’s stock valued at $3,551,000 after purchasing an additional 33,952 shares during the period.
FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance
Shares of NYSEARCA RISR traded down $0.05 during midday trading on Friday, hitting $36.11. The stock had a trading volume of 85,775 shares, compared to its average volume of 61,805. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 1-year low of $35.25 and a 1-year high of $37.50. The company has a fifty day moving average price of $36.34 and a 200 day moving average price of $36.10.
About FolioBeyond Alternative Income and Interest Rate Hedge ETF
The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.
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