Short Interest in RiverFront Strategic Income Fund (NYSEARCA:RIGS) Decreases By 31.3%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 3,020 shares, a decline of 31.3% from the December 15th total of 4,393 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,871 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 9,871 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of RiverFront Strategic Income Fund

An institutional investor recently raised its position in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC boosted its holdings in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 44,615 shares of the company’s stock after buying an additional 2,912 shares during the period. Janney Montgomery Scott LLC owned approximately 1.12% of RiverFront Strategic Income Fund worth $1,038,000 at the end of the most recent reporting period.

RiverFront Strategic Income Fund Trading Down 1.5%

RIGS traded down $0.35 during trading on Friday, hitting $22.85. The company’s stock had a trading volume of 5,455 shares, compared to its average volume of 7,405. RiverFront Strategic Income Fund has a twelve month low of $21.24 and a twelve month high of $24.32. The firm’s 50 day moving average price is $23.14 and its 200-day moving average price is $23.16.

About RiverFront Strategic Income Fund

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.