Rareview Dynamic Fixed Income ETF (BATS:RDFI) Stock Short Interest Report for October

Rareview Dynamic Fixed Income ETF (BATS:RDFI) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 570 shares, a decrease of 85.3% from the September 30th total of 3,878 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 33,081 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC grew its holdings in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) by 272.3% during the third quarter, according to the company in its most recent filing with the Securities & 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 about 1.63% of Rareview Dynamic Fixed Income ETF worth $745,000 at the end of the most recent quarter.

Rareview Dynamic Fixed Income ETF Trading Up 0.1%

RDFI opened at $21.52 on Tuesday. The stock’s fifty day simple moving average is $22.28 and its 200 day simple moving average is $23.33. Rareview Dynamic Fixed Income ETF has a 1-year low of $21.18 and a 1-year high of $25.61. The stock has a market cap of $45.41 million, a PE ratio of 22.64 and a beta of 0.50.

Rareview Dynamic Fixed Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, October 2nd were given a $0.1601 dividend. The ex-dividend date of this dividend was Friday, October 2nd. 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 8.9%.

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.