RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,402 shares, an increase of 229.9% from the May 14th total of 425 shares. Based on an average daily volume of 6,551 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.
Institutional Investors Weigh In On RiverFront Strategic Income Fund
A hedge fund recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC acquired a new position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned 0.68% of RiverFront Strategic Income Fund as of its most recent SEC filing.
RiverFront Strategic Income Fund Stock Performance
Shares of RIGS stock traded down $0.03 during trading hours on Friday, hitting $22.84. 1,546 shares of the company were exchanged, compared to its average volume of 11,418. RiverFront Strategic Income Fund has a one year low of $20.62 and a one year high of $24.32. The business’s 50-day simple moving average is $22.83 and its two-hundred day simple moving average is $23.00.
RiverFront Strategic Income Fund Company Profile
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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