RiverFront Strategic Income Fund (NYSEARCA:RIGS) Sees Significant Increase in Short Interest

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,980 shares, a growth of 60.3% from the March 15th total of 1,235 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 21,825 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On RiverFront Strategic Income Fund

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC raised its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,828 shares of the company’s stock after buying an additional 6,253 shares during the period. Janney Montgomery Scott LLC owned about 1.54% of RiverFront Strategic Income Fund worth $1,079,000 as of its most recent SEC filing.

RiverFront Strategic Income Fund Trading Up 0.2%

NYSEARCA RIGS traded up $0.04 on Wednesday, hitting $23.08. 369 shares of the stock were exchanged, compared to its average volume of 13,505. RiverFront Strategic Income Fund has a fifty-two week low of $20.62 and a fifty-two week high of $24.32. The company has a 50-day moving average price of $23.03 and a 200-day moving average price of $23.11.

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.