RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Down 61.4% in June

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 931 shares, a decrease of 61.4% from the June 15th total of 2,413 shares. Based on an average daily trading volume, of 5,073 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

RiverFront Strategic Income Fund Price Performance

Shares of NYSEARCA:RIGS opened at $22.79 on Monday. The stock’s 50-day moving average price is $22.75 and its 200-day moving average price is $22.94. RiverFront Strategic Income Fund has a 12-month low of $20.62 and a 12-month high of $24.32.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

An institutional investor recently bought a new position in RiverFront Strategic Income Fund stock. Claris Financial LLC purchased a new stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned 0.68% of RiverFront Strategic Income Fund at the end of the most recent reporting period.

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.