RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,393 shares, an increase of 467.6% from the November 30th total of 774 shares. Based on an average trading volume of 16,991 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 16,991 shares, the days-to-cover ratio is currently 0.3 days.
RiverFront Strategic Income Fund Stock Up 1.1%
RIGS stock opened at $23.28 on Thursday. RiverFront Strategic Income Fund has a 12 month low of $21.24 and a 12 month high of $24.32. The company has a 50-day moving average price of $23.17 and a 200 day moving average price of $23.15.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its holdings in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 44,615 shares of the company’s stock after acquiring an additional 2,912 shares during the period. Janney Montgomery Scott LLC owned about 1.12% of RiverFront Strategic Income Fund worth $1,038,000 at the end of the most recent quarter.
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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