RH Tactical Rotation ETF (NYSEARCA:RHRX – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,320 shares, a decrease of 63.7% from the September 15th total of 17,432 shares. Based on an average daily volume of 16,251 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Trading of RH Tactical Rotation ETF
Several large investors have recently added to or reduced their stakes in RHRX. Partners Wealth Management LLC boosted its position in RH Tactical Rotation ETF by 40.3% during the 1st quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock worth $3,703,000 after acquiring an additional 56,041 shares during the period. Avior Wealth Management LLC bought a new position in shares of RH Tactical Rotation ETF in the third quarter worth $685,000. Finally, NewEdge Advisors LLC grew its stake in shares of RH Tactical Rotation ETF by 2.6% in the first quarter. NewEdge Advisors LLC now owns 25,658 shares of the company’s stock worth $487,000 after purchasing an additional 646 shares in the last quarter.
RH Tactical Rotation ETF Stock Performance
Shares of RHRX traded down $0.07 during mid-day trading on Wednesday, reaching $21.73. 1,791 shares of the company’s stock traded hands, compared to its average volume of 15,204. The business’s 50-day moving average price is $21.71 and its 200-day moving average price is $21.40. The stock has a market capitalization of $58.02 million, a P/E ratio of 22.83 and a beta of 0.92. RH Tactical Rotation ETF has a 12 month low of $17.46 and a 12 month high of $23.45.
About RH Tactical Rotation ETF
The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.
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