RH Tactical Rotation ETF (NYSEARCA:RHRX) Sees Large Increase in Short Interest

RH Tactical Rotation ETF (NYSEARCA:RHRX) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 36,205 shares, a growth of 113.8% from the June 15th total of 16,934 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 6,248 shares, the days-to-cover ratio is presently 5.8 days.

RH Tactical Rotation ETF Stock Performance

RHRX stock opened at $21.61 on Friday. The firm has a fifty day moving average price of $21.83 and a 200 day moving average price of $20.20. RH Tactical Rotation ETF has a fifty-two week low of $16.46 and a fifty-two week high of $23.45. The firm has a market cap of $36.52 million, a PE ratio of 22.83 and a beta of 0.92.

Hedge Funds Weigh In On RH Tactical Rotation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of RH Tactical Rotation ETF in the 1st quarter worth about $149,000. Susquehanna International Group LLP lifted its holdings in shares of RH Tactical Rotation ETF by 63.9% in the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock valued at $782,000 after acquiring an additional 16,724 shares during the last quarter. LPL Financial LLC grew its position in RH Tactical Rotation ETF by 2.7% in the fourth quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock worth $920,000 after acquiring an additional 1,313 shares in the last quarter. OLD Mission Capital LLC purchased a new position in RH Tactical Rotation ETF in the fourth quarter worth about $305,000. Finally, NewEdge Advisors LLC grew its position in RH Tactical Rotation ETF by 77.1% in the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock worth $460,000 after acquiring an additional 10,890 shares in the last quarter.

About RH Tactical Rotation ETF

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.