Short Interest in FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Declines By 42.3%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 17,232 shares, a drop of 42.3% from the April 15th total of 29,852 shares. Based on an average daily trading volume, of 48,540 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 53.6% in the first quarter. Harbor Investment Advisory LLC now owns 151,069 shares of the company’s stock worth $5,472,000 after purchasing an additional 52,744 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the first quarter worth about $322,000. Sankala Group LLC purchased a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the fourth quarter worth about $180,000. Reliant Wealth Planning boosted its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 0.7% in the fourth quarter. Reliant Wealth Planning now owns 441,417 shares of the company’s stock worth $15,940,000 after purchasing an additional 3,009 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% in the fourth quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock worth $3,536,000 after purchasing an additional 31,178 shares during the last quarter.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Trading Up 0.4%

NYSEARCA:RISR traded up $0.16 on Friday, hitting $36.60. The stock had a trading volume of 103,995 shares, compared to its average volume of 55,495. The business’s 50-day simple moving average is $36.26 and its two-hundred day simple moving average is $36.06. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52-week low of $35.25 and a 52-week high of $37.50.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a $0.18 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, February 26th.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.