RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 268 shares, a decline of 93.2% from the July 30th total of 3,917 shares. Based on an average trading volume of 5,474 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
RiverFront Strategic Income Fund Price Performance
Shares of RIGS traded down $0.07 during trading hours on Wednesday, reaching $22.59. The company’s stock had a trading volume of 1,484 shares, compared to its average volume of 10,888. RiverFront Strategic Income Fund has a 1-year low of $20.62 and a 1-year high of $24.32. The company has a 50 day moving average of $22.64 and a two-hundred day moving average of $22.82.
Institutional Inflows and Outflows
An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC raised its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.75% of RiverFront Strategic Income Fund worth $1,151,000 at the end of the most recent quarter.
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.
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