For investors seeking momentum, FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR Quick QuoteRISR - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 26.3% from its 52-week low price of $31.22/share.

But are more gains in store for this ETF? Let’s 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 FolioBeyond Alternative Income and Interest Rate Hedge ETF is an actively managed exchange-traded fund that seeks to provide diversification benefits and helps to manage risk from interest rate volatility, while generating current income under a wide range of interest rate environments. The product charges 113 bps in annual fees (See: all Mortgage-Backed Security ETFs here).

Why the Move?

The interest rates in the United States have been on the higher side lately. Due to tariff-driven inflation risks, the Fed is expected to act less-dovish this year. Overall, fears of China's treasury selling, inflation risks, a less-dovish Fed & basis trade unwind hit bond market lately. As a result, this ETF (which is used to fight rising rates) has hit a 52-week high yesterday.

More Gains Ahead?

The ETF RISR might continue its strong performance in the near term, with a positive weighted alpha of 7.95, which gives cues of a further rally.