FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Short Interest Down 15.6% in January

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 98,373 shares, a drop of 15.6% from the December 31st total of 116,617 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 31,291 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily volume of 31,291 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.9% of the company’s stock are short sold.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Reliant Wealth Planning acquired a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 3rd quarter valued at about $15,713,000. Harbor Investment Advisory LLC grew its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 1,409.3% during the third quarter. Harbor Investment Advisory LLC now owns 64,373 shares of the company’s stock worth $2,307,000 after buying an additional 60,108 shares in the last quarter. Private Wealth Asset Management LLC grew its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 133.3% during the second quarter. Private Wealth Asset Management LLC now owns 56,114 shares of the company’s stock worth $2,052,000 after buying an additional 32,064 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 74.6% in the 3rd quarter. CoreCap Advisors LLC now owns 1,830 shares of the company’s stock valued at $66,000 after buying an additional 782 shares during the last quarter.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Trading Up 0.0%

Shares of RISR opened at $35.77 on Monday. The stock has a 50 day simple moving average of $36.00 and a 200 day simple moving average of $36.24. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52-week low of $35.45 and a 52-week high of $39.44.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were issued a $0.18 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. This is a boost from FolioBeyond Alternative Income and Interest Rate Hedge ETF’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, January 29th.

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.