Rareview Dynamic Fixed Income ETF (BATS:RDFI) Shares Shorted: Short Interest Up 91.9% in October

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,094 shares, an increase of 91.9% from the October 15th total of 570 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Rareview Dynamic Fixed Income ETF

A hedge fund recently raised its position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC increased its stake in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) by 272.3% in the third quarter, according to the company in its most recent 13F filing 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 quarter. Noble Wealth Management PBC owned approximately 1.63% of Rareview Dynamic Fixed Income ETF worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Rareview Dynamic Fixed Income ETF Price Performance

Rareview Dynamic Fixed Income ETF stock traded up $0.01 during mid-day trading on Friday, hitting $21.34. 53,358 shares of the company were exchanged, compared to its average volume of 17,671. The business’s 50 day simple moving average is $21.83 and its two-hundred day simple moving average is $23.16. The company has a market capitalization of $70.42 million, a P/E ratio of 22.64 and a beta of 0.49. Rareview Dynamic Fixed Income ETF has a 12-month low of $21.18 and a 12-month high of $25.61.

Rareview Dynamic Fixed Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, November 3rd were paid a dividend of $0.1649 per share. The ex-dividend date of this dividend was Tuesday, November 3rd. This is an increase from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1601. This represents a $1.98 dividend on an annualized basis and a dividend yield of 9.3%.

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.