First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Update

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,756 shares, an increase of 216.4% from the November 30th total of 1,187 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 2,583 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 2,583 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF during the second quarter valued at $29,000. Evolution Wealth Management Inc. bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth about $34,000. Fulton Breakefield Broenniman LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF during the 3rd quarter valued at about $204,000. Janney Montgomery Scott LLC boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 7.6% during the second quarter. Janney Montgomery Scott LLC now owns 4,100 shares of the company’s stock worth $299,000 after acquiring an additional 288 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 5.4% during the second quarter. DAVENPORT & Co LLC now owns 10,190 shares of the company’s stock worth $743,000 after acquiring an additional 526 shares in the last quarter.

First Trust RiverFront Dynamic Developed International ETF Stock Up 0.0%

Shares of RFDI stock opened at $80.79 on Friday. First Trust RiverFront Dynamic Developed International ETF has a 12-month low of $58.54 and a 12-month high of $80.86. The firm has a market cap of $138.97 million, a P/E ratio of 12.09 and a beta of 0.88. The company has a 50 day moving average of $78.43 and a 200-day moving average of $76.11.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.9961 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.98 annualized dividend and a dividend yield of 4.9%. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38.

About First Trust RiverFront Dynamic Developed International ETF

The First Trust RiverFront Dynamic Developed International ETF (RFDI) is an exchange-traded fund that is based on the FTSE Developed ex U.S. index. The fund is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. RFDI was launched on Apr 13, 2016 and is managed by First Trust.