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

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,402 shares, a growth of 229.9% from the May 14th total of 425 shares. Based on an average daily trading volume, of 6,551 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

RiverFront Strategic Income Fund Stock Down 0.1%

NYSEARCA RIGS traded down $0.03 during mid-day trading on Friday, hitting $22.84. The stock had a trading volume of 1,546 shares, compared to its average volume of 11,418. The firm’s 50 day moving average is $22.83 and its 200 day moving average is $23.00. RiverFront Strategic Income Fund has a twelve month low of $20.62 and a twelve month high of $24.32.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RiverFront Strategic Income Fund stock. Claris Financial LLC acquired a new stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 SEC.

About RiverFront Strategic Income Fund

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.