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

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,759 shares, a decrease of 79.3% from the August 31st total of 8,497 shares. Based on an average daily volume of 13,836 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Rareview Dynamic Fixed Income ETF Stock Up 0.3%

Shares of Rareview Dynamic Fixed Income ETF stock opened at $21.85 on Friday. The firm’s 50-day moving average price is $23.07 and its two-hundred day moving average price is $23.32. The company has a market capitalization of $46.10 million, a price-to-earnings ratio of 22.64 and a beta of 0.50. Rareview Dynamic Fixed Income ETF has a 12-month low of $21.73 and a 12-month high of $25.61.

Rareview Dynamic Fixed Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, August 4th were paid a $0.1629 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 8.9%. This is a positive change from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1605. The ex-dividend date of this dividend was Tuesday, August 4th.

Rareview Dynamic Fixed Income ETF Company Profile

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.