Short Interest in Rareview Dynamic Fixed Income ETF (BATS:RDFI) Expands By 132.1%

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 29,819 shares, a growth of 132.1% from the April 30th total of 12,848 shares. Based on an average daily volume of 13,561 shares, the short-interest ratio is currently 2.2 days. Approximately 1.4% of the shares of the stock are sold short.

Rareview Dynamic Fixed Income ETF Stock Performance

Rareview Dynamic Fixed Income ETF stock opened at $23.63 on Monday. The stock has a fifty day moving average of $23.41 and a two-hundred day moving average of $23.80. The company has a market capitalization of $49.86 million, a price-to-earnings ratio of 22.64 and a beta of 0.50. Rareview Dynamic Fixed Income ETF has a fifty-two week low of $22.29 and a fifty-two week high of $25.61.

Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF

A hedge fund recently bought a new stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC purchased a new position in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned approximately 0.37% of Rareview Dynamic Fixed Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.