RiverFront Strategic Income Fund (NYSEARCA:RIGS) Sees Significant Drop in Short Interest

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 268 shares, a decline of 93.2% from the July 30th total of 3,917 shares. Based on an average trading volume of 5,474 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,828 shares of the company’s stock after buying an additional 6,253 shares during the period. Janney Montgomery Scott LLC owned approximately 1.54% of RiverFront Strategic Income Fund worth $1,079,000 at the end of the most recent reporting period.

RiverFront Strategic Income Fund Price Performance

Shares of NYSEARCA RIGS traded up $0.07 on Tuesday, reaching $22.66. 3,600 shares of the company’s stock traded hands, compared to its average volume of 10,946. RiverFront Strategic Income Fund has a 12 month low of $20.62 and a 12 month high of $24.32. The business’s 50 day simple moving average is $22.64 and its two-hundred day simple moving average is $22.82.

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.