Rareview Dynamic Fixed Income ETF (BATS:RDFI) Sees Significant Decrease in Short Interest

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 17,864 shares, a decline of 50.9% from the May 31st total of 36,405 shares. Based on an average trading volume of 12,667 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF

A hedge fund recently bought a new stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC acquired a new stake in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned about 0.37% of Rareview Dynamic Fixed Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Rareview Dynamic Fixed Income ETF Stock Up 0.7%

RDFI opened at $23.73 on Tuesday. The stock has a market capitalization of $50.07 million, a price-to-earnings ratio of 22.64 and a beta of 0.50. The firm has a 50 day moving average price of $23.47 and a 200-day moving average price of $23.74. Rareview Dynamic Fixed Income ETF has a twelve month low of $22.51 and a twelve month high of $25.61.

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.