Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Decreases By 52.2%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 128 shares, a decrease of 52.2% from the August 15th total of 268 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 21,741 shares, the days-to-cover ratio is presently 0.0 days.

RiverFront Strategic Income Fund Stock Down 0.0%

Shares of RIGS traded down $0.01 during trading hours on Tuesday, reaching $22.33. 4,615 shares of the stock traded hands, compared to its average volume of 10,981. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32. The stock has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $22.76.

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 RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,378 shares of the company’s stock after acquiring an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent filing with the SEC.

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.