FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Sees Large Decline in Short Interest

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 13,601 shares, a decline of 79.7% from the July 15th total of 66,871 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 77,721 shares, the short-interest ratio is currently 0.2 days.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance

Shares of RISR traded up $0.01 on Thursday, hitting $36.72. 28,907 shares of the stock traded hands, compared to its average volume of 73,318. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 1 year low of $35.25 and a 1 year high of $37.50. The stock’s 50 day moving average is $36.42 and its two-hundred day moving average is $36.24.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RISR. Reliant Wealth Planning grew its position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 3.3% in the first quarter. Reliant Wealth Planning now owns 456,074 shares of the company’s stock valued at $16,519,000 after purchasing an additional 14,657 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 7.8% in the 2nd 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. Private Wealth Asset Management LLC lifted its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% during the fourth quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock valued at $3,536,000 after buying an additional 31,178 shares in the last quarter. Claris Financial LLC acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 1st quarter valued at $426,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter valued at about $322,000.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

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.