RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Up 72.1% in June

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,413 shares, an increase of 72.1% from the May 31st total of 1,402 shares. Based on an average daily trading volume, of 8,192 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC grew its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned approximately 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

RiverFront Strategic Income Fund Stock Performance

Shares of RIGS stock traded up $0.02 during trading hours on Thursday, hitting $22.77. 1,982 shares of the company were exchanged, compared to its average volume of 10,686. RiverFront Strategic Income Fund has a fifty-two week low of $20.62 and a fifty-two week high of $24.32. The company has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $22.96.

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.