RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 225 shares, a growth of 75.8% from the August 31st total of 128 shares. Based on an average trading volume of 13,817 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
RiverFront Strategic Income Fund Stock Up 0.6%
Shares of NYSEARCA RIGS traded up $0.13 during mid-day trading on Thursday, hitting $21.98. The company had a trading volume of 47,047 shares, compared to its average volume of 11,034. The business’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $22.67. RiverFront Strategic Income Fund has a 1-year low of $20.62 and a 1-year high of $23.60.
Institutional Investors Weigh In On RiverFront Strategic Income Fund
An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC raised its stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.6% during the first quarter, according to its most recent 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 period. Janney Montgomery Scott LLC owned about 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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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