RiverNorth Patriot ETF (BATS:FLDZ) Shares Shorted: Short Interest Up 57.3% in September

RiverNorth Patriot ETF (BATS:FLDZ) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 590 shares, a growth of 57.3% from the September 15th total of 375 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 149 shares, the short-interest ratio is presently 4.0 days.

RiverNorth Patriot ETF Trading Down 0.6%

BATS:FLDZ traded down $0.16 during trading hours on Friday, hitting $26.33. The company had a trading volume of 137 shares, compared to its average volume of 659. The company has a 50-day moving average of $29.45 and a 200 day moving average of $30.01. RiverNorth Patriot ETF has a 1 year low of $25.92 and a 1 year high of $34.15. The company has a market cap of $3.95 million, a P/E ratio of 18.39 and a beta of 0.92.

Institutional Inflows and Outflows

A hedge fund recently raised its position in RiverNorth Patriot ETF stock. Wedbush Securities Inc. increased its stake in RiverNorth Patriot ETF (BATS:FLDZ) by 50.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,052 shares of the company’s stock after acquiring an additional 39,406 shares during the period. Wedbush Securities Inc. owned approximately 78.70% of RiverNorth Patriot ETF worth $1,633,000 as of its most recent SEC filing.

RiverNorth Patriot ETF Company Profile

The RiverNorth Patriot ETF (FLDZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation. FLDZ was launched on Jan 3, 2022 and is managed by RiverNorth.