FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Sees Large Growth in Short Interest

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 49,746 shares, an increase of 42.3% from the January 29th total of 34,951 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 27,993 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 27,993 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.9% of the shares of the company are sold short.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance

Shares of RISR stock traded down $0.06 during midday trading on Tuesday, hitting $35.70. 11,360 shares of the company were exchanged, compared to its average volume of 35,221. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52 week low of $35.25 and a 52 week high of $39.44. The firm’s 50 day moving average price is $35.91 and its two-hundred day moving average price is $36.08.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Thursday, February 26th.

Hedge Funds Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

A number of large investors have recently made changes to their positions in RISR. CoreCap Advisors LLC boosted its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 74.6% in the 3rd quarter. CoreCap Advisors LLC now owns 1,830 shares of the company’s stock valued at $66,000 after purchasing an additional 782 shares during the period. Sankala Group LLC acquired a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the fourth quarter worth $180,000. Harbor Investment Advisory LLC lifted its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 1,409.3% during the third quarter. Harbor Investment Advisory LLC now owns 64,373 shares of the company’s stock worth $2,307,000 after buying an additional 60,108 shares in the last quarter. Private Wealth Asset Management LLC boosted its position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 19.0% in the third quarter. Private Wealth Asset Management LLC now owns 66,749 shares of the company’s stock valued at $2,392,000 after acquiring an additional 10,635 shares during the period. Finally, Reliant Wealth Planning acquired a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF in the third quarter valued at about $15,713,000.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.