RiverFront Strategic Income Fund (NYSEARCA:RIGS) Short Interest Down 76.2% in January

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 719 shares, a drop of 76.2% from the December 31st total of 3,020 shares. Based on an average daily trading volume, of 7,652 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,652 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

A hedge fund recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its stake in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,615 shares of the company’s stock after purchasing an additional 2,912 shares during the period. Janney Montgomery Scott LLC owned 1.12% of RiverFront Strategic Income Fund worth $1,038,000 at the end of the most recent reporting period.

RiverFront Strategic Income Fund Price Performance

NYSEARCA RIGS traded up $0.01 during trading hours on Friday, reaching $23.09. The company’s stock had a trading volume of 5,440 shares, compared to its average volume of 14,267. RiverFront Strategic Income Fund has a fifty-two week low of $21.24 and a fifty-two week high of $24.32. The company’s 50-day moving average is $23.12 and its two-hundred day moving average is $23.16.

RiverFront Strategic Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 22nd were issued a dividend of $0.0877 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, January 22nd.

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.