Short Interest in Rareview Dynamic Fixed Income ETF (BATS:RDFI) Declines By 77.0%

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 12,848 shares, a decrease of 77.0% from the April 15th total of 55,850 shares. Based on an average daily trading volume, of 14,940 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the shares of the stock are short sold.

Rareview Dynamic Fixed Income ETF Price Performance

Shares of BATS:RDFI opened at $23.54 on Wednesday. The company has a market capitalization of $49.67 million, a P/E ratio of 22.64 and a beta of 0.50. The stock’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $23.87. Rareview Dynamic Fixed Income ETF has a 52-week low of $22.29 and a 52-week high of $25.61.

Institutional Trading of Rareview Dynamic Fixed Income ETF

An institutional investor recently bought a new position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC purchased a new position in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned 0.37% of Rareview Dynamic Fixed Income ETF as of its most recent SEC filing.

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.