RiverNorth Patriot ETF (BATS:FLDZ) Sees Significant Decline in Short Interest

RiverNorth Patriot ETF (BATS:FLDZ – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 285 shares, a decrease of 51.7% from the September 30th total of 590 shares. Based on an average trading volume of 333 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On RiverNorth Patriot ETF

An institutional investor recently raised its stake in RiverNorth Patriot ETF stock. Wedbush Securities Inc. increased its position in RiverNorth Patriot ETF (BATS:FLDZ – Free Report) by 50.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 118,052 shares of the company’s stock after purchasing an additional 39,406 shares during the period. Wedbush Securities Inc. owned 78.70% of RiverNorth Patriot ETF worth $1,633,000 at the end of the most recent quarter.

RiverNorth Patriot ETF Stock Up 3.8%

FLDZ stock opened at $27.40 on Friday. The business has a 50 day moving average price of $28.20 and a 200 day moving average price of $29.74. The stock has a market cap of $4.11 million, a price-to-earnings ratio of 18.39 and a beta of 0.92. RiverNorth Patriot ETF has a fifty-two week low of $25.47 and a fifty-two week high of $34.15.

About RiverNorth Patriot ETF

(Get Free Report)

The RiverNorth Patriot ETF (FLDZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation. FLDZ was launched on Jan 3, 2022 and is managed by RiverNorth.

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