RH Tactical Rotation ETF (NYSEARCA:RHRX) Sees Significant Growth in Short Interest

by · The Markets Daily

RH Tactical Rotation ETF (NYSEARCA:RHRX – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 36,205 shares, a growth of 113.8% from the June 15th total of 16,934 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 6,248 shares, the short-interest ratio is currently 5.8 days.

Hedge Funds Weigh In On RH Tactical Rotation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Partners Wealth Management LLC grew its holdings in shares of RH Tactical Rotation ETF by 40.3% during the 1st quarter. Partners Wealth Management LLC now owns 194,936 shares of the company’s stock worth $3,703,000 after purchasing an additional 56,041 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of RH Tactical Rotation ETF by 63.9% during the third quarter. Susquehanna International Group LLP now owns 42,884 shares of the company’s stock valued at $782,000 after purchasing an additional 16,724 shares during the period. OLD Mission Capital LLC acquired a new position in shares of RH Tactical Rotation ETF in the fourth quarter valued at $305,000. NewEdge Advisors LLC raised its stake in shares of RH Tactical Rotation ETF by 77.1% in the fourth quarter. NewEdge Advisors LLC now owns 25,012 shares of the company’s stock valued at $460,000 after purchasing an additional 10,890 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in RH Tactical Rotation ETF in the first quarter worth $149,000.

RH Tactical Rotation ETF Stock Performance

Shares of NYSEARCA:RHRX traded down $0.17 on Thursday, hitting $21.61. 428 shares of the company were exchanged, compared to its average volume of 11,943. The company’s 50 day moving average price is $21.83 and its two-hundred day moving average price is $20.20. The firm has a market capitalization of $36.52 million, a price-to-earnings ratio of 22.83 and a beta of 0.92. RH Tactical Rotation ETF has a one year low of $16.46 and a one year high of $23.45.

About RH Tactical Rotation ETF

(Get Free Report)

The RH Tactical Rotation ETF (RHRX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that utilizes sector rotation strategies in its attempt to capitalize on changes in the business cycle. The fund is actively managed. RHRX was launched on Sep 20, 2012 and is managed by Adaptive.

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