Rareview Systematic Equity ETF (BATS:RSEE – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,518 shares, a drop of 80.6% from the September 30th total of 23,260 shares. Based on an average daily volume of 9,631 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short.
Rareview Systematic Equity ETF Stock Performance
Shares of RSEE stock opened at $38.44 on Thursday. The company has a market capitalization of $69.19 million, a price-to-earnings ratio of 21.27 and a beta of 0.69. The company’s 50-day moving average is $38.99 and its 200 day moving average is $37.45. Rareview Systematic Equity ETF has a one year low of $31.83 and a one year high of $40.38.
Hedge Funds Weigh In On Rareview Systematic Equity ETF
A number of institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in Rareview Systematic Equity ETF by 34.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 57,854 shares of the company’s stock worth $1,889,000 after purchasing an additional 14,698 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Rareview Systematic Equity ETF by 691.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,254 shares of the company’s stock valued at $126,000 after purchasing an additional 2,843 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Rareview Systematic Equity ETF during the first quarter worth $266,000.
About Rareview Systematic Equity ETF
The Rareview Systematic Equity ETF (RSEE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that employs a long\u002Fshort systematic strategy to provide exposure to global equity markets. RSEE was launched on Jan 20, 2022 and is managed by Rareview Funds.
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