Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Drops By 58.6%
by Jessica Moore · The Cerbat GemRiverFront Strategic Income Fund (NYSEARCA:RIGS – Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 742 shares, a decrease of 58.6% from the April 15th total of 1,792 shares. Based on an average daily volume of 6,056 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
RiverFront Strategic Income Fund Stock Down 0.3%
Shares of RIGS traded down $0.06 during midday trading on Friday, hitting $22.74. 35,338 shares of the company traded hands, compared to its average volume of 12,172. The firm has a 50 day moving average of $22.89 and a 200-day moving average of $23.06. RiverFront Strategic Income Fund has a 52 week low of $20.62 and a 52 week high of $24.32.
Institutional Inflows and Outflows
An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC lifted its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS – Free Report) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,378 shares of the company’s stock after acquiring an additional 3,550 shares during the period. Janney Montgomery Scott LLC owned 1.75% of RiverFront Strategic Income Fund worth $1,151,000 at the end of the most recent quarter.
RiverFront Strategic Income Fund Company Profile
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.