RH Tactical Rotation ETF (NYSEARCA:RHRX – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 23,534 shares, an increase of 1,299.2% from the April 15th total of 1,682 shares. Based on an average trading volume of 44,810 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.5% of the company’s stock are short sold.
RH Tactical Rotation ETF Stock Performance
Shares of NYSEARCA RHRX opened at $21.75 on Tuesday. RH Tactical Rotation ETF has a fifty-two week low of $15.30 and a fifty-two week high of $21.84. The stock has a market cap of $35.02 million, a price-to-earnings ratio of 22.83 and a beta of 0.92. The firm’s 50-day simple moving average is $19.76 and its 200 day simple moving average is $19.01.
Institutional Investors Weigh In On RH Tactical Rotation ETF
Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in RH Tactical Rotation ETF in the 1st quarter worth about $149,000. OLD Mission Capital LLC bought a new stake in RH Tactical Rotation ETF in the 4th quarter worth about $305,000. NewEdge Advisors LLC grew its position in RH Tactical Rotation ETF by 77.1% in the 4th quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock worth $460,000 after purchasing an additional 10,890 shares in the last quarter. Susquehanna International Group LLP grew its position in RH Tactical Rotation ETF by 63.9% in the 3rd quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock worth $782,000 after purchasing an additional 16,724 shares in the last quarter. Finally, LPL Financial LLC grew its position in RH Tactical Rotation ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 49,998 shares of the company’s stock worth $920,000 after purchasing an additional 1,313 shares in the last quarter.
About RH Tactical Rotation ETF
The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.
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