RH Tactical Rotation ETF (NYSEARCA:RHRX) Short Interest Up 59.1% in July

RH Tactical Rotation ETF (NYSEARCA:RHRX) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 9,346 shares, a growth of 59.1% from the July 15th total of 5,873 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 8,002 shares, the short-interest ratio is currently 1.2 days.

RH Tactical Rotation ETF Stock Performance

NYSEARCA RHRX opened at $21.89 on Wednesday. RH Tactical Rotation ETF has a twelve month low of $16.86 and a twelve month high of $23.45. The stock has a market capitalization of $40.06 million, a PE ratio of 22.83 and a beta of 0.92. The stock has a 50-day simple moving average of $21.82 and a 200 day simple moving average of $20.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RHRX. Partners Wealth Management LLC grew its stake in shares of RH Tactical Rotation ETF by 40.3% in the first quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock worth $3,703,000 after acquiring an additional 56,041 shares during the last quarter. LPL Financial LLC increased its position in RH Tactical Rotation ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock worth $920,000 after acquiring an additional 1,313 shares during the period. NewEdge Advisors LLC increased its position in RH Tactical Rotation ETF by 77.1% during the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock worth $460,000 after acquiring an additional 10,890 shares during the period. OLD Mission Capital LLC acquired a new position in RH Tactical Rotation ETF during the 4th quarter valued at $305,000. Finally, Susquehanna International Group LLP raised its stake in RH Tactical Rotation ETF by 63.9% during the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock valued at $782,000 after purchasing an additional 16,724 shares during the last quarter.

About RH Tactical Rotation ETF

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.