Short Interest in Rareview Dynamic Fixed Income ETF (BATS:RDFI) Rises By 132.1%

Rareview Dynamic Fixed Income ETF (BATS:RDFI) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 29,819 shares, an increase of 132.1% from the April 30th total of 12,848 shares. Based on an average daily volume of 13,561 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.4% of the shares of the stock are sold short.

Rareview Dynamic Fixed Income ETF Trading Up 0.1%

Shares of RDFI opened at $23.63 on Friday. The firm’s 50-day moving average is $23.41 and its two-hundred day moving average is $23.81. Rareview Dynamic Fixed Income ETF has a twelve month low of $22.29 and a twelve month high of $25.61. The firm has a market capitalization of $49.86 million, a P/E ratio of 22.64 and a beta of 0.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC bought a new position in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,847 shares of the company’s stock, valued at approximately $188,000. Noble Wealth Management PBC owned 0.37% of Rareview Dynamic Fixed Income ETF at the end of the most recent quarter.

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.