RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,789 shares, a growth of 199.6% from the June 30th total of 931 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,180 shares, the days-to-cover ratio is currently 0.4 days.
RiverFront Strategic Income Fund Price Performance
NYSEARCA:RIGS opened at $22.61 on Wednesday. RiverFront Strategic Income Fund has a 1-year low of $20.62 and a 1-year high of $24.32. The business’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $22.89.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its position in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent SEC filing.
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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