RiverNorth Active Income ETF (BATS:CEFZ) Sees Significant Increase in Short Interest

RiverNorth Active Income ETF (BATS:CEFZ) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 45,026 shares, an increase of 298.6% from the October 15th total of 11,296 shares. Based on an average daily trading volume, of 23,994 shares, the short-interest ratio is presently 1.9 days. Approximately 0.9% of the shares of the stock are short sold.

RiverNorth Active Income ETF Price Performance

Shares of BATS:CEFZ opened at $7.80 on Friday. The company’s fifty day moving average price is $7.92 and its 200-day moving average price is $8.13. RiverNorth Active Income ETF has a one year low of $7.57 and a one year high of $8.70.

Institutional Investors Weigh In On RiverNorth Active Income ETF

A hedge fund recently bought a new stake in RiverNorth Active Income ETF stock. Diversified Trust Co acquired a new position in RiverNorth Active Income ETF (BATS:CEFZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 126,565 shares of the company’s stock, valued at approximately $996,000. Diversified Trust Co owned approximately 2.47% of RiverNorth Active Income ETF at the end of the most recent quarter.

RiverNorth Active Income ETF Company Profile

The RiverNorth Active Income ETF (CEFZ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks to provide long-term capital appreciation and income by tactically allocating investments in various asset classes from around the world. The actively managed fund-of-funds uses research and analysis to invest in closed-end funds, ETFs, individual equity, and fixed income securities CEFZ was launched on Dec 27, 2006 and is issued by Truemark Group.