ALPS Dynamic Core Income ETF (NYSEARCA:RFCI) Stock Short Interest Jumps 30,339.1%

ALPS Dynamic Core Income ETF (NYSEARCA:RFCI) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 42,006 shares, an increase of 30,339.1% from the September 30th total of 138 shares. Based on an average daily trading volume, of 19,006 shares, the short-interest ratio is currently 2.2 days. Approximately 7.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ALPS Dynamic Core Income ETF stock. Envestnet Asset Management Inc. boosted its holdings in shares of ALPS Dynamic Core Income ETF (NYSEARCA:RFCI) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,482 shares of the company’s stock after purchasing an additional 6,689 shares during the quarter. Envestnet Asset Management Inc. owned about 20.84% of ALPS Dynamic Core Income ETF worth $3,019,000 as of its most recent SEC filing.

ALPS Dynamic Core Income ETF Stock Performance

NYSEARCA RFCI traded up $0.02 during trading on Monday, hitting $21.67. 583 shares of the stock traded hands, compared to its average volume of 3,437. The firm has a 50-day simple moving average of $21.72 and a 200-day simple moving average of $22.08. ALPS Dynamic Core Income ETF has a 12-month low of $21.24 and a 12-month high of $22.95.

ALPS Dynamic Core Income ETF Company Profile

The RiverFront Dynamic Core Income ETF (RFCI) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively managed portfolio with broad latitude to invest in various fixed income securities in almost any sector, maturity or credit quality, targeting total return with a five-year investment timeline. RFCI was launched on Jun 14, 2016 and is managed by RiverFront.