RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Update

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 742 shares, a decline of 58.6% from the April 15th total of 1,792 shares. Based on an average daily trading volume, of 6,056 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC grew its holdings in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,378 shares of the company’s stock after purchasing an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned approximately 1.75% of RiverFront Strategic Income Fund worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

RiverFront Strategic Income Fund Trading Down 0.3%

Shares of RiverFront Strategic Income Fund stock traded down $0.06 during trading on Friday, hitting $22.74. The stock had a trading volume of 35,338 shares, compared to its average volume of 12,172. The business has a fifty day moving average of $22.89 and a two-hundred day moving average of $23.06. RiverFront Strategic Income Fund has a fifty-two week low of $20.62 and a fifty-two week 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.