RH Tactical Rotation ETF (NYSEARCA:RHRX) Short Interest Up 1,299.2% in April

RH Tactical Rotation ETF (NYSEARCA:RHRX) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 23,534 shares, an increase of 1,299.2% from the April 15th total of 1,682 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 44,810 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On RH Tactical Rotation ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of RH Tactical Rotation ETF during the first quarter valued at about $149,000. Susquehanna International Group LLP increased its position in shares of RH Tactical Rotation ETF by 63.9% during the third quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock valued at $782,000 after acquiring an additional 16,724 shares during the last quarter. LPL Financial LLC increased its position in shares of RH Tactical Rotation ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock valued at $920,000 after acquiring an additional 1,313 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of RH Tactical Rotation ETF during the fourth quarter valued at about $305,000. Finally, NewEdge Advisors LLC increased its position in shares of RH Tactical Rotation ETF by 77.1% during the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock valued at $460,000 after acquiring an additional 10,890 shares during the last quarter.

RH Tactical Rotation ETF Stock Performance

Shares of NYSEARCA:RHRX traded up $0.10 during midday trading on Wednesday, hitting $21.72. The company’s stock had a trading volume of 3,773 shares, compared to its average volume of 12,655. The business’s 50 day simple moving average is $19.84 and its 200 day simple moving average is $19.06. The company has a market cap of $34.97 million, a P/E ratio of 22.83 and a beta of 0.92. RH Tactical Rotation ETF has a 12-month low of $15.37 and a 12-month high of $21.85.

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.