Rareview Systematic Equity ETF (BATS:RSEE) Sees Large Increase in Short Interest

Rareview Systematic Equity ETF (BATS:RSEE) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,799 shares, a growth of 434.4% from the May 31st total of 2,395 shares. Based on an average trading volume of 9,437 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Rareview Systematic Equity ETF

An institutional investor recently bought a new stake in Rareview Systematic Equity ETF stock. Bank of New York Mellon Corp acquired a new stake in Rareview Systematic Equity ETF (BATS:RSEE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,152 shares of the company’s stock, valued at approximately $266,000. Bank of New York Mellon Corp owned about 0.45% of Rareview Systematic Equity ETF at the end of the most recent quarter.

Rareview Systematic Equity ETF Stock Performance

Shares of Rareview Systematic Equity ETF stock opened at $38.56 on Friday. The firm has a fifty day moving average of $38.33 and a two-hundred day moving average of $36.00. The stock has a market capitalization of $69.41 million, a price-to-earnings ratio of 21.27 and a beta of 0.69. Rareview Systematic Equity ETF has a 52 week low of $29.92 and a 52 week high of $40.09.

About Rareview Systematic Equity ETF

The Rareview Systematic Equity ETF (RSEE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that employs a long\u002Fshort systematic strategy to provide exposure to global equity markets. RSEE was launched on Jan 20, 2022 and is managed by Rareview Funds.