RiverFront Strategic Income Fund (NYSEARCA:RIGS) Stock Short Interest Rises 75.8%

RiverFront Strategic Income Fund (NYSEARCA:RIGS) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 225 shares, a growth of 75.8% from the August 31st total of 128 shares. Based on an average trading volume of 13,817 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On RiverFront Strategic Income Fund

An institutional investor recently raised its stake in RiverFront Strategic Income Fund stock. Janney Montgomery Scott LLC increased its position in RiverFront Strategic Income Fund (NYSEARCA:RIGS) by 7.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,378 shares of the company’s stock after acquiring an additional 3,550 shares during the quarter. Janney Montgomery Scott LLC owned about 1.75% of RiverFront Strategic Income Fund worth $1,151,000 at the end of the most recent quarter.

RiverFront Strategic Income Fund Trading Up 0.6%

NYSEARCA:RIGS opened at $21.98 on Friday. RiverFront Strategic Income Fund has a 52-week low of $20.62 and a 52-week high of $23.60. The business’s fifty day moving average is $22.47 and its 200 day moving average is $22.67.

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.