Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Increases By 229.9%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,402 shares, a growth of 229.9% from the May 14th total of 425 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 6,551 shares, the days-to-cover ratio is currently 0.2 days.

RiverFront Strategic Income Fund Trading Down 0.1%

Shares of RiverFront Strategic Income Fund stock traded down $0.03 during midday trading on Friday, hitting $22.84. 1,546 shares of the company traded hands, compared to its average volume of 11,418. The firm’s fifty day moving average price is $22.83 and its 200-day moving average price is $23.00. RiverFront Strategic Income Fund has a 12 month low of $20.62 and a 12 month high of $24.32.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

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) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,378 shares of the company’s stock after buying 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 at the end of the most recent quarter.

About RiverFront Strategic Income Fund

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.