RH Tactical Rotation ETF (NYSEARCA:RHRX) Stock Short Interest Jumps 54.0%

RH Tactical Rotation ETF (NYSEARCA:RHRX) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 17,432 shares, a growth of 54.0% from the August 31st total of 11,319 shares. Based on an average daily volume of 48,387 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On RH Tactical Rotation ETF

A hedge fund recently raised its stake in RH Tactical Rotation ETF stock. NewEdge Advisors LLC lifted its holdings in RH Tactical Rotation ETF (NYSEARCA:RHRX) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,658 shares of the company’s stock after acquiring an additional 646 shares during the period. NewEdge Advisors LLC owned 1.59% of RH Tactical Rotation ETF worth $487,000 at the end of the most recent reporting period.

RH Tactical Rotation ETF Stock Up 0.6%

NYSEARCA RHRX opened at $21.59 on Friday. The stock’s 50-day moving average price is $21.66 and its 200-day moving average price is $21.24. RH Tactical Rotation ETF has a 52 week low of $17.46 and a 52 week high of $23.45. The company has a market capitalization of $57.65 million, a P/E ratio of 22.83 and a beta of 0.92.

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.