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

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 53,076 shares, a drop of 37.1% from the May 31st total of 84,318 shares. Based on an average daily trading volume, of 151,671 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of FolioBeyond Alternative Income and Interest Rate Hedge ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sankala Group LLC purchased a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 4th quarter valued at about $180,000. Janney Montgomery Scott LLC acquired a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF in the 1st quarter worth about $322,000. Claris Financial LLC purchased a new stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the 1st quarter worth approximately $426,000. Private Wealth Asset Management LLC increased its stake in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% during the 4th quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock worth $3,536,000 after buying an additional 31,178 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 52.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 98,325 shares of the company’s stock valued at $3,551,000 after acquiring an additional 33,952 shares during the last quarter.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance

NYSEARCA RISR remained flat at $36.18 on Friday. 41,395 shares of the company traded hands, compared to its average volume of 69,922. The company’s 50-day moving average price is $36.32 and its two-hundred day moving average price is $36.14. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 12 month low of $35.25 and a 12 month high of $37.50.

About FolioBeyond Alternative Income and Interest Rate Hedge ETF

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.