Short Interest in Rareview Dynamic Fixed Income ETF (BATS:RDFI) Rises By 132.1%

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 29,819 shares, a growth of 132.1% from the April 30th total of 12,848 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 13,561 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC acquired a new position in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned 0.37% of Rareview Dynamic Fixed Income ETF at the end of the most recent reporting period.

Rareview Dynamic Fixed Income ETF Stock Up 0.1%

BATS RDFI opened at $23.63 on Friday. The stock has a market capitalization of $49.86 million, a P/E ratio of 22.64 and a beta of 0.50. Rareview Dynamic Fixed Income ETF has a 52-week low of $22.29 and a 52-week high of $25.61. The firm has a 50-day moving average price of $23.41 and a 200 day moving average price of $23.81.

Rareview Dynamic Fixed Income ETF Company Profile

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.