RiverNorth Patriot ETF (BATS:FLDZ) Short Interest Down 41.5% in August

RiverNorth Patriot ETF (BATS:FLDZ) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,017 shares, a drop of 41.5% from the August 15th total of 1,738 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 335 shares, the short-interest ratio is currently 3.0 days.

RiverNorth Patriot ETF Stock Up 0.1%

Shares of FLDZ opened at $28.43 on Wednesday. The stock’s fifty day simple moving average is $30.67 and its 200-day simple moving average is $30.28. The firm has a market capitalization of $4.26 million, a PE ratio of 18.39 and a beta of 0.92. RiverNorth Patriot ETF has a 12-month low of $28.13 and a 12-month high of $34.15.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RiverNorth Patriot ETF stock. Wedbush Securities Inc. grew its holdings in RiverNorth Patriot ETF (BATS:FLDZ) by 50.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,052 shares of the company’s stock after purchasing an additional 39,406 shares during the quarter. Wedbush Securities Inc. owned approximately 78.70% of RiverNorth Patriot ETF worth $1,633,000 at the end of the most recent reporting period.

About RiverNorth Patriot ETF

The RiverNorth Patriot ETF (FLDZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation. FLDZ was launched on Jan 3, 2022 and is managed by RiverNorth.