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

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 41,397 shares, a growth of 72.9% from the February 26th total of 23,947 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 70,586 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sankala Group LLC purchased a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 4th quarter worth $180,000. Reliant Wealth Planning raised its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 0.7% in the fourth quarter. Reliant Wealth Planning now owns 441,417 shares of the company’s stock valued at $15,940,000 after buying an additional 3,009 shares in the last quarter. Private Wealth Asset Management LLC raised its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% in 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. Harbor Investment Advisory LLC lifted its holdings in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 52.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 98,325 shares of the company’s stock worth $3,551,000 after buying an additional 33,952 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 74.6% during the 3rd quarter. CoreCap Advisors LLC now owns 1,830 shares of the company’s stock worth $66,000 after buying an additional 782 shares during the last quarter.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Down 0.2%

Shares of RISR stock traded down $0.08 during trading hours on Friday, reaching $36.44. 30,569 shares of the stock were exchanged, compared to its average volume of 50,200. The business’s fifty day moving average is $35.94 and its two-hundred day moving average is $36.00. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 12-month low of $35.25 and a 12-month high of $39.44.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date was Thursday, February 26th.

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.