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

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 931 shares, a drop of 61.4% from the June 15th total of 2,413 shares. Based on an average daily trading volume, of 5,073 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

RiverFront Strategic Income Fund Price Performance

Shares of NYSEARCA:RIGS traded down $0.06 during midday trading on Wednesday, hitting $22.54. The stock had a trading volume of 2,348 shares, compared to its average volume of 10,539. The company’s 50-day moving average price is $22.74 and its 200-day moving average price is $22.93. RiverFront Strategic Income Fund has a fifty-two week low of $20.62 and a fifty-two week high of $24.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its holdings in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,828 shares of the company’s stock after purchasing an additional 6,253 shares during the period. Janney Montgomery Scott LLC owned about 1.54% of RiverFront Strategic Income Fund worth $1,079,000 at the end of the most recent quarter.

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.