RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Down 76.2% in January

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 719 shares, a decline of 76.2% from the December 31st total of 3,020 shares. Based on an average daily volume of 7,652 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,652 shares, the days-to-cover ratio is currently 0.1 days.

RiverFront Strategic Income Fund Stock Performance

Shares of NYSEARCA RIGS traded up $0.05 during midday trading on Wednesday, reaching $23.12. The stock had a trading volume of 2,467 shares, compared to its average volume of 15,393. RiverFront Strategic Income Fund has a 12-month low of $21.24 and a 12-month high of $24.32. The stock has a 50-day moving average of $23.12 and a 200-day moving average of $23.16.

RiverFront Strategic Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 22nd were paid a $0.0877 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, January 22nd.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its holdings in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,615 shares of the company’s stock after purchasing an additional 2,912 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.12% of RiverFront Strategic Income Fund worth $1,038,000 at the end of the most recent reporting period.

About RiverFront Strategic Income Fund

The RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. RIGS was launched on Oct 9, 2013 and is managed by RiverFront.