FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Short Interest Up 72.3% in May

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 84,318 shares, a growth of 72.3% from the May 14th total of 48,941 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 127,056 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

A number of hedge funds have recently modified their holdings of the business. Claris Financial LLC acquired a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter worth about $426,000. Reliant Wealth Planning increased its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 3.3% during the first quarter. Reliant Wealth Planning now owns 456,074 shares of the company’s stock worth $16,519,000 after purchasing an additional 14,657 shares during the last quarter. Harbor Investment Advisory LLC increased its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 53.6% during the first quarter. Harbor Investment Advisory LLC now owns 151,069 shares of the company’s stock worth $5,472,000 after purchasing an additional 52,744 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter worth about $322,000. Finally, Sankala Group LLC acquired a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the fourth quarter worth about $180,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Price Performance

Shares of NYSEARCA RISR traded down $0.11 during mid-day trading on Wednesday, reaching $36.22. The company’s stock had a trading volume of 9,338 shares, compared to its average volume of 69,698. The stock has a 50-day moving average of $36.34 and a two-hundred day moving average of $36.12. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 1-year low of $35.25 and a 1-year high of $37.50.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.