Short Interest in RH Tactical Rotation ETF (NYSEARCA:RHRX) Declines By 83.8%

RH Tactical Rotation ETF (NYSEARCA:RHRX) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 5,873 shares, a drop of 83.8% from the June 30th total of 36,205 shares. Based on an average trading volume of 16,433 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

RH Tactical Rotation ETF Stock Performance

Shares of RHRX remained flat at $21.40 during mid-day trading on Friday. 1,809 shares of the stock were exchanged, compared to its average volume of 11,699. The firm has a 50-day moving average of $21.80 and a two-hundred day moving average of $20.32. RH Tactical Rotation ETF has a 12 month low of $16.46 and a 12 month high of $23.45. The stock has a market cap of $39.16 million, a price-to-earnings ratio of 22.83 and a beta of 0.92.

Hedge Funds Weigh In On RH Tactical Rotation ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Partners Wealth Management LLC increased its stake in shares of RH Tactical Rotation ETF by 40.3% in the first quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock worth $3,703,000 after buying an additional 56,041 shares during the last quarter. LPL Financial LLC increased its position in shares of RH Tactical Rotation ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock worth $920,000 after purchasing an additional 1,313 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of RH Tactical Rotation ETF by 63.9% in the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock valued at $782,000 after purchasing an additional 16,724 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of RH Tactical Rotation ETF by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 25,658 shares of the company’s stock valued at $487,000 after purchasing an additional 646 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of RH Tactical Rotation ETF in the 4th quarter valued at about $305,000.

About RH Tactical Rotation ETF

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.