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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,348 shares, a decrease of 37.5% from the December 15th total of 3,756 shares. Based on an average daily trading volume, of 2,996 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,996 shares, the short-interest ratio is presently 0.8 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of RFDI stock opened at $82.78 on Friday. The stock’s fifty day simple moving average is $79.73 and its 200 day simple moving average is $77.04. First Trust RiverFront Dynamic Developed International ETF has a one year low of $58.54 and a one year high of $83.22. The firm has a market cap of $142.38 million, a price-to-earnings ratio of 12.09 and a beta of 0.88.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.9961 dividend. This represents a $3.98 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

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

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.