FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Stock Short Interest Drops 93.3%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 6,349 shares, a drop of 93.3% from the October 15th total of 94,311 shares. Based on an average trading volume of 372,982 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Up 0.1%

Shares of NYSEARCA:RISR traded up $0.03 during midday trading on Tuesday, reaching $36.89. The company’s stock had a trading volume of 109,969 shares, compared to its average volume of 109,224. The firm has a 50 day moving average price of $36.89 and a two-hundred day moving average price of $36.43. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a fifty-two week low of $35.25 and a fifty-two week high of $38.21.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 29th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $2.16 annualized dividend and a yield of 5.9%.

Institutional Trading of FolioBeyond Alternative Income and Interest Rate Hedge ETF

Large investors have recently modified their holdings of the stock. Worth Asset Management LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 2nd quarter valued at $234,000. Janney Montgomery Scott LLC bought a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter worth $322,000. Claris Financial LLC acquired a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter worth $426,000. Harbor Investment Advisory LLC grew its holdings in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 7.8% in the second quarter. Harbor Investment Advisory LLC now owns 162,869 shares of the company’s stock worth $5,896,000 after purchasing an additional 11,800 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 20.5% in the third quarter. Farther Finance Advisors LLC now owns 238,744 shares of the company’s stock valued at $8,848,000 after purchasing an additional 40,603 shares in the last quarter.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Company Profile

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.