Rate-Hedged ETF (RISR) Hits New 52-Week High
FolioBeyond Alternative Income and Interest Rate Hedge ETF RISR is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and has risen 5.25% from its 52-week low price of $35.25 per share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
RISR in Focus
The fund employs an active strategy and seeks to provide diversification benefits and help manage risk from interest rate volatility, while generating current income under a wide range of interest rate environments. RISR has a dividend yield of 5.83% and charges 1.04% in annual fees (see: all Mortgage-Backed Security ETFs here).
Why the Move?
As Treasury yields climb and investors brace for a potentially more hawkish Fed, RISR becomes more attractive for investors. On Wednesday,Treasury yields hit fresh multidecade highs. Fed officials increasingly warn that higher oil prices and AI investment could add to inflationary pressures and require further rate hikes.
More Gains Ahead?
RISR might continue its strong performance in the near term, with a positive weighted alpha of 2.60 (per Barchart.com), which hints at a rally.
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