Rising Rate ETF (RISR) Hits New 52-Week High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Source: NASDAQ.COM
- FolioBeyond Alternative Income and Interest Rate Hedge ETF RISR: The ETF has hit a 52-week high and risen by 22.81% from its low price, attracting investor interest.
- Active Strategy and Diversification: The fund aims to provide diversification benefits, manage risk from interest rate volatility, and generate current income under various interest rate environments.
- Interest Rate Environment: With reduced expectations of rate cuts in 2024, funds offering protection against rising rates are gaining popularity.
- Performance Outlook: RISR shows positive performance indicators like a dividend yield of 7.20% and a weighted alpha of 7.76, hinting at potential further gains.
- Investment Research: Zacks Investment Research provides insights on top-performing ETFs and stocks, offering recommendations for investors.
Analyst Views on RISR
Wall Street analysts forecast RISR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RISR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.900
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Current: 35.900
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
