RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 3,020 shares, a decrease of 31.3% from the December 15th total of 4,393 shares. Based on an average daily volume of 9,871 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 9,871 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On RiverFront Strategic Income Fund
A hedge fund recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,615 shares of the company’s stock after acquiring an additional 2,912 shares during the quarter. Janney Montgomery Scott LLC owned about 1.12% of RiverFront Strategic Income Fund worth $1,038,000 as of its most recent filing with the SEC.
RiverFront Strategic Income Fund Stock Performance
NYSEARCA:RIGS traded down $0.35 during midday trading on Friday, reaching $22.85. The stock had a trading volume of 5,455 shares, compared to its average volume of 7,405. The firm has a fifty day simple moving average of $23.14 and a two-hundred day simple moving average of $23.16. RiverFront Strategic Income Fund has a 12-month low of $21.24 and a 12-month high of $24.32.
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.
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