Short Interest in FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) Declines By 42.3%

FolioBeyond Alternative Income and Interest Rate Hedge ETF (NYSEARCA:RISR) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 17,232 shares, a drop of 42.3% from the April 15th total of 29,852 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 48,540 shares, the days-to-cover ratio is currently 0.4 days.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Stock Performance

FolioBeyond Alternative Income and Interest Rate Hedge ETF stock traded up $0.16 on Friday, hitting $36.60. 103,995 shares of the stock traded hands, compared to its average volume of 55,495. The business’s fifty day simple moving average is $36.26 and its 200 day simple moving average is $36.06. FolioBeyond Alternative Income and Interest Rate Hedge ETF has a 1 year low of $35.25 and a 1 year high of $37.50.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 5.9%.

Hedge Funds Weigh In On FolioBeyond Alternative Income and Interest Rate Hedge ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sankala Group LLC bought a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the fourth quarter valued at $180,000. Janney Montgomery Scott LLC bought a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the first quarter valued at $322,000. Private Wealth Asset Management LLC increased its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 19.0% during the third quarter. Private Wealth Asset Management LLC now owns 66,749 shares of the company’s stock valued at $2,392,000 after acquiring an additional 10,635 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF by 52.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 98,325 shares of the company’s stock valued at $3,551,000 after acquiring an additional 33,952 shares in the last quarter. Finally, Reliant Wealth Planning bought a new position in shares of FolioBeyond Alternative Income and Interest Rate Hedge ETF during the third quarter valued at $15,713,000.

FolioBeyond Alternative Income and Interest Rate Hedge ETF Company Profile

The FolioBeyond Rising Rates ETF (RISR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide income and protect against rising interest rates through exposure to interest-only MBS and US Treasury bonds. The fund is actively managed. RISR was launched on Sep 30, 2021 and is managed by Beyond.