ALPS Dynamic Core Income ETF (NYSEARCA:RFCI) Shares Shorted: Short Interest Down 99.2% in October

ALPS Dynamic Core Income ETF (NYSEARCA:RFCI) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 340 shares, a drop of 99.2% from the October 15th total of 42,006 shares. Based on an average trading volume of 2,570 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ALPS Dynamic Core Income ETF stock. Envestnet Asset Management Inc. grew its stake in shares of ALPS Dynamic Core Income ETF (NYSEARCA:RFCI) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,482 shares of the company’s stock after buying an additional 6,689 shares during the period. Envestnet Asset Management Inc. owned 20.84% of ALPS Dynamic Core Income ETF worth $3,019,000 at the end of the most recent reporting period.

ALPS Dynamic Core Income ETF Price Performance

Shares of NYSEARCA RFCI traded down $0.12 during mid-day trading on Tuesday, hitting $21.71. The company had a trading volume of 1,816 shares, compared to its average volume of 3,508. ALPS Dynamic Core Income ETF has a 1 year low of $21.24 and a 1 year high of $22.90. The stock’s 50-day moving average price is $21.66 and its 200-day moving average price is $22.18.

About ALPS Dynamic Core Income ETF

The RiverFront Dynamic Core Income ETF (RFCI) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed portfolio with broad latitude to invest in various fixed income securities in almost any sector, maturity or credit quality, targeting total return with a five-year investment timeline. RFCI was launched on Jun 14, 2016 and is managed by RiverFront.