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

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 34,951 shares, a decrease of 64.5% from the January 15th total of 98,373 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 63,584 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 63,584 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC raised its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 74.6% in the third quarter. CoreCap Advisors LLC now owns 1,830 shares of the company’s stock valued at $66,000 after purchasing an additional 782 shares in the last quarter. Private Wealth Asset Management LLC raised its position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 133.3% during the 2nd quarter. Private Wealth Asset Management LLC now owns 56,114 shares of the company’s stock valued at $2,052,000 after buying an additional 32,064 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 1,409.3% during the 3rd quarter. Harbor Investment Advisory LLC now owns 64,373 shares of the company’s stock worth $2,307,000 after acquiring an additional 60,108 shares during the last quarter. Finally, Reliant Wealth Planning bought a new stake in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 3rd quarter worth $15,713,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Trading Down 0.2%

Shares of RISR stock opened at $36.02 on Wednesday. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 52-week low of $35.45 and a 52-week high of $39.44. The business’s fifty day moving average is $36.02 and its 200 day moving average is $36.19.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a $0.18 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Thursday, January 29th. This is an increase from FolioBeyond Alternative Income and Interest Rate Hedge ETF’s previous monthly dividend of $0.17.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Company Profile

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.