Short Interest in Rareview Systematic Equity ETF (BATS:RSEE) Rises By 63.5%

Rareview Systematic Equity ETF (BATS:RSEE) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 12,232 shares, an increase of 63.5% from the July 15th total of 7,482 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 7,338 shares, the days-to-cover ratio is currently 1.7 days.

Rareview Systematic Equity ETF Stock Performance

BATS RSEE opened at $40.09 on Monday. The stock has a market capitalization of $72.16 million, a price-to-earnings ratio of 21.27 and a beta of 0.69. The stock’s 50 day moving average price is $38.89 and its two-hundred day moving average price is $37.03. Rareview Systematic Equity ETF has a 52 week low of $31.10 and a 52 week high of $40.38.

Institutional Trading of Rareview Systematic Equity ETF

A hedge fund recently raised its position in Rareview Systematic Equity ETF stock. Janney Montgomery Scott LLC lifted its holdings in Rareview Systematic Equity ETF (BATS:RSEE) by 34.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,854 shares of the company’s stock after purchasing an additional 14,698 shares during the quarter. Janney Montgomery Scott LLC owned 3.21% of Rareview Systematic Equity ETF worth $1,889,000 as of its most recent SEC filing.

About Rareview Systematic Equity ETF

The Rareview Systematic Equity ETF (RSEE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that employs a long\u002Fshort systematic strategy to provide exposure to global equity markets. RSEE was launched on Jan 20, 2022 and is managed by Rareview Funds.