FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 53,076 shares, a decline of 37.1% from the May 31st total of 84,318 shares. Based on an average daily trading volume, of 151,671 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the company’s stock are short sold.
FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance
Shares of NYSEARCA RISR traded down $0.04 during mid-day trading on Thursday, reaching $36.10. 38,529 shares of the company traded hands, compared to its average volume of 69,858. The company’s fifty day moving average is $36.32 and its two-hundred day moving average is $36.14. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a fifty-two week low of $35.25 and a fifty-two week high of $37.50.
Institutional Investors Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF
A number of large investors have recently added to or reduced their stakes in RISR. Claris Financial LLC acquired a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter valued at approximately $426,000. Reliant Wealth Planning lifted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 3.3% in the first quarter. Reliant Wealth Planning now owns 456,074 shares of the company’s stock worth $16,519,000 after buying an additional 14,657 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 53.6% in the first quarter. Harbor Investment Advisory LLC now owns 151,069 shares of the company’s stock worth $5,472,000 after buying an additional 52,744 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 1st quarter worth $322,000. Finally, Sankala Group LLC acquired a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 4th quarter valued at $180,000.
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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