Rareview Tax Advantaged Income ETF (BATS:RTAI) Sees Significant Increase in Short Interest

Rareview Tax Advantaged Income ETF (BATS:RTAI) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 443 shares, a growth of 60.5% from the August 31st total of 276 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,290 shares, the days-to-cover ratio is presently 0.3 days.

Rareview Tax Advantaged Income ETF Price Performance

Shares of Rareview Tax Advantaged Income ETF stock opened at $18.92 on Thursday. The firm has a fifty day moving average price of $20.46 and a 200 day moving average price of $20.97. Rareview Tax Advantaged Income ETF has a 1 year low of $18.69 and a 1 year high of $22.18.

Rareview Tax Advantaged Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.0818 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.98 annualized dividend and a yield of 5.2%. This is a decrease from Rareview Tax Advantaged Income ETF’s previous monthly dividend of $0.0825.

Rareview Tax Advantaged Income ETF Company Profile

The Rareview Tax Advantaged Income ETF (RTAI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively selects US municipal bond closed-end funds (CEFs), seeking to provide current income. RTAI was launched on Oct 21, 2020 and is managed by Rareview Funds.