RH Tactical Rotation ETF (NYSEARCA:RHRX – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,873 shares, a decline of 83.8% from the June 30th total of 36,205 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 16,433 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of RH Tactical Rotation ETF
A number of hedge funds have recently bought and sold shares of RHRX. Partners Wealth Management LLC boosted its position in RH Tactical Rotation ETF by 40.3% during the 1st quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock worth $3,703,000 after acquiring an additional 56,041 shares during the period. Susquehanna International Group LLP lifted its position in shares of RH Tactical Rotation ETF by 63.9% in the third quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock worth $782,000 after purchasing an additional 16,724 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of RH Tactical Rotation ETF during the fourth quarter worth approximately $305,000. NewEdge Advisors LLC grew its position in RH Tactical Rotation ETF by 77.1% during the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock valued at $460,000 after purchasing an additional 10,890 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in RH Tactical Rotation ETF during the first quarter valued at approximately $149,000.
RH Tactical Rotation ETF Stock Performance
Shares of NYSEARCA:RHRX traded down $0.16 during midday trading on Monday, reaching $21.24. The company had a trading volume of 3,418 shares, compared to its average volume of 11,640. RH Tactical Rotation ETF has a 1-year low of $16.46 and a 1-year high of $23.45. The firm has a market cap of $38.87 million, a price-to-earnings ratio of 22.83 and a beta of 0.92. The company has a fifty day simple moving average of $21.80 and a two-hundred day simple moving average of $20.33.
About RH Tactical Rotation ETF
The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.
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