RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Update

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 931 shares, a drop of 61.4% from the June 15th total of 2,413 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,073 shares, the days-to-cover ratio is presently 0.2 days.

RiverFront Strategic Income Fund Trading Up 0.8%

Shares of NYSEARCA RIGS traded up $0.19 during midday trading on Tuesday, reaching $22.60. The company had a trading volume of 2,560 shares, compared to its average volume of 10,601. RiverFront Strategic Income Fund has a one year low of $20.62 and a one year high of $24.32. The firm’s fifty day moving average price is $22.74 and its 200-day moving average price is $22.93.

Institutional Trading of RiverFront Strategic Income Fund

A hedge fund recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC bought a new position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,862 shares of the company’s stock, valued at approximately $481,000. Claris Financial LLC owned about 0.68% of RiverFront Strategic Income Fund as of its most recent filing with the Securities & Exchange Commission.

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.