RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Up 966.7% in February

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,920 shares, a growth of 966.7% from the February 12th total of 180 shares. Based on an average daily volume of 14,971 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 14,971 shares, the short-interest ratio is currently 0.1 days.

RiverFront Strategic Income Fund Stock Down 0.5%

Shares of NYSEARCA RIGS traded down $0.12 during trading on Wednesday, hitting $23.08. The company had a trading volume of 3,097 shares, compared to its average volume of 13,096. The stock has a 50 day simple moving average of $23.14 and a 200 day simple moving average of $23.19. RiverFront Strategic Income Fund has a 12 month low of $21.25 and a 12 month high of $24.32.

RiverFront Strategic Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 24th. Investors of record on Thursday, February 19th were issued a $0.0832 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, February 19th.

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 grew its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,828 shares of the company’s stock after purchasing an additional 6,253 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.54% of RiverFront Strategic Income Fund worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.