Rareview Systematic Equity ETF (BATS:RSEE – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 23,260 shares, a growth of 212.1% from the September 15th total of 7,453 shares. Based on an average trading volume of 5,227 shares, the short-interest ratio is currently 4.4 days. Approximately 1.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of Rareview Systematic Equity ETF by 34.1% during the first quarter. Janney Montgomery Scott LLC now owns 57,854 shares of the company’s stock valued at $1,889,000 after buying an additional 14,698 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Rareview Systematic Equity ETF in the first quarter worth about $266,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Rareview Systematic Equity ETF by 691.7% in the third quarter. Farther Finance Advisors LLC now owns 3,254 shares of the company’s stock worth $126,000 after buying an additional 2,843 shares in the last quarter.
Rareview Systematic Equity ETF Stock Performance
Shares of BATS RSEE opened at $39.18 on Tuesday. The stock has a market cap of $70.52 million, a PE ratio of 21.27 and a beta of 0.69. Rareview Systematic Equity ETF has a fifty-two week low of $31.83 and a fifty-two week high of $40.38. The stock has a fifty day moving average of $39.33 and a 200-day moving average of $38.20.
About Rareview Systematic Equity ETF
The Rareview Systematic Equity ETF (RSEE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that employs a long\u002Fshort systematic strategy to provide exposure to global equity markets. RSEE was launched on Jan 20, 2022 and is managed by Rareview Funds.
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