Short Interest in FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Expands By 72.3%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 84,318 shares, an increase of 72.3% from the May 14th total of 48,941 shares. Based on an average daily volume of 127,056 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.3% of the shares of the company are sold short.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Trading Down 0.1%

RISR stock traded down $0.02 during midday trading on Monday, reaching $36.28. 41,051 shares of the company were exchanged, compared to its average volume of 70,547. The business has a 50-day moving average price of $36.33 and a two-hundred day moving average price of $36.11. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a one year low of $35.25 and a one year high of $37.50.

Hedge Funds Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reliant Wealth Planning boosted its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 0.7% during the fourth quarter. Reliant Wealth Planning now owns 441,417 shares of the company’s stock worth $15,940,000 after purchasing an additional 3,009 shares during the period. Sankala Group LLC bought a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the fourth quarter worth $180,000. Janney Montgomery Scott LLC bought a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter worth $322,000. Claris Financial LLC bought a new position in FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter worth $426,000. Finally, Private Wealth Asset Management LLC boosted its position in FolioBeyond Alternative Income and Interest Rate Hedge ETF by 46.7% during the fourth quarter. Private Wealth Asset Management LLC now owns 97,927 shares of the company’s stock worth $3,536,000 after purchasing an additional 31,178 shares during the period.

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.