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
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.
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