RiverFront Strategic Income Fund (NYSEARCA:RIGS) Sees Large Increase in Short Interest

RiverFront Strategic Income Fund (NYSEARCA:RIGSGet Free Report) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,372 shares, a growth of 90.8% from the January 15th total of 719 shares. Based on an average trading volume of 20,978 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 20,978 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC grew its stake in RiverFront Strategic Income Fund (NYSEARCA:RIGSFree Report) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,828 shares of the company’s stock after buying an additional 6,253 shares during the period. Janney Montgomery Scott LLC owned approximately 1.54% of RiverFront Strategic Income Fund worth $1,079,000 at the end of the most recent reporting period.

RiverFront Strategic Income Fund Price Performance

NYSEARCA RIGS traded up $0.05 during trading on Friday, hitting $23.26. 79,941 shares of the company’s stock traded hands, compared to its average volume of 14,478. RiverFront Strategic Income Fund has a 12-month low of $21.24 and a 12-month high of $24.32. The business has a 50 day moving average of $23.12 and a 200-day moving average of $23.17.

RiverFront Strategic Income Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 22nd were paid a dividend of $0.0877 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, January 22nd.

RiverFront Strategic Income Fund Company Profile

(Get Free Report)

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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