RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Up 467.6% in December

RiverFront Strategic Income Fund (NYSEARCA:RIGS) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,393 shares, an increase of 467.6% from the November 30th total of 774 shares. Based on an average daily volume of 16,991 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 16,991 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its stake in shares of RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,615 shares of the company’s stock after acquiring an additional 2,912 shares during the period. Janney Montgomery Scott LLC owned about 1.12% of RiverFront Strategic Income Fund worth $1,038,000 as of its most recent filing with the SEC.

RiverFront Strategic Income Fund Price Performance

Shares of RiverFront Strategic Income Fund stock traded down $0.22 during trading on Friday, hitting $23.06. 4,772 shares of the company were exchanged, compared to its average volume of 30,830. The firm’s fifty day moving average price is $23.17 and its 200 day moving average price is $23.15. RiverFront Strategic Income Fund has a 1-year low of $21.24 and a 1-year high of $24.32.

RiverFront Strategic Income Fund Company Profile

The RiverFront Strategic Income Fund (RIGS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. RIGS was launched on Oct 9, 2013 and is managed by RiverFront.