Short Interest in RiverNorth Patriot ETF (BATS:FLDZ) Drops By 41.5%

RiverNorth Patriot ETF (BATS:FLDZ) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,017 shares, a decrease of 41.5% from the August 15th total of 1,738 shares. Based on an average trading volume of 335 shares, the short-interest ratio is presently 3.0 days. Approximately 0.7% of the shares of the company are short sold.

RiverNorth Patriot ETF Stock Performance

Shares of BATS:FLDZ opened at $28.43 on Wednesday. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $30.28. The company has a market cap of $4.26 million, a P/E ratio of 18.39 and a beta of 0.92. RiverNorth Patriot ETF has a 52-week low of $28.13 and a 52-week high of $34.15.

Institutional Trading of RiverNorth Patriot ETF

A hedge fund recently raised its position in RiverNorth Patriot ETF stock. Wedbush Securities Inc. boosted its holdings in RiverNorth Patriot ETF (BATS:FLDZ) by 50.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,052 shares of the company’s stock after buying an additional 39,406 shares during the period. Wedbush Securities Inc. owned approximately 78.70% of RiverNorth Patriot ETF worth $1,633,000 as of its most recent SEC filing.

About RiverNorth Patriot ETF

The RiverNorth Patriot ETF (FLDZ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in large- and mid-cap US stocks. The fund commits to donating the majority of its sub-advisory fee or 100% of its net profit, in the form of its management fee to the Folds of Honor Foundation. FLDZ was launched on Jan 3, 2022 and is managed by RiverNorth.