Rareview Dynamic Fixed Income ETF (BATS:RDFI) Stock Short Interest Climbs 120.5%

Rareview Dynamic Fixed Income ETF (BATS:RDFI – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,878 shares, an increase of 120.5% from the September 15th total of 1,759 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,316 shares, the short-interest ratio is currently 0.4 days.

Rareview Dynamic Fixed Income ETF Stock Down 0.5%

Shares of BATS:RDFI opened at $21.38 on Tuesday. Rareview Dynamic Fixed Income ETF has a 12 month low of $21.18 and a 12 month high of $25.61. The company’s 50-day moving average price is $22.65 and its two-hundred day moving average price is $23.17. The firm has a market cap of $45.11 million, a P/E ratio of 22.64 and a beta of 0.50.

Rareview Dynamic Fixed Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, October 2nd were paid a $0.1601 dividend. This is a boost from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1595. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Friday, October 2nd.

Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF

A hedge fund recently raised its stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC lifted its stake in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI – Free Report) by 272.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,353 shares of the company’s stock after purchasing an additional 25,125 shares during the period. Noble Wealth Management PBC owned approximately 1.63% of Rareview Dynamic Fixed Income ETF worth $745,000 at the end of the most recent reporting period.

Rareview Dynamic Fixed Income ETF Company Profile

(Get Free Report)

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.

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