RiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) saw a large decrease in short interest in 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,871 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 9,871 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.
RiverFront Strategic Income Fund Stock Performance
Shares of RIGS stock traded down $0.35 during trading on Friday, hitting $22.85. 5,455 shares of the company were exchanged, compared to its average volume of 7,405. The business’s 50-day simple moving average is $23.14 and its 200 day simple moving average is $23.16. RiverFront Strategic Income Fund has a twelve month low of $21.24 and a twelve month high of $24.32.
Institutional Trading of RiverFront Strategic Income Fund
An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,615 shares of the company’s stock after buying 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 Securities and Exchange Commission.
RiverFront Strategic Income Fund Company Profile
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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