First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Down 89.7% in January

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,829 shares, a decrease of 89.7% from the December 31st total of 17,832 shares. Based on an average daily volume of 5,628 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 5,628 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevated Capital Advisors LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $47,000. Triad Wealth Partners LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth $472,000. Maia Wealth LLC lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 37.8% during the second quarter. Maia Wealth LLC now owns 8,323 shares of the company’s stock worth $595,000 after purchasing an additional 2,284 shares during the last quarter. World Investment Advisors boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% in the second quarter. World Investment Advisors now owns 10,378 shares of the company’s stock worth $741,000 after purchasing an additional 606 shares during the period. Finally, Coppell Advisory Solutions LLC increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 85.7% during the second quarter. Coppell Advisory Solutions LLC now owns 15,115 shares of the company’s stock valued at $1,075,000 after purchasing an additional 6,974 shares during the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Down 0.5%

Shares of First Trust RiverFront Dynamic Emerging Markets ETF stock traded down $0.44 during trading hours on Thursday, hitting $85.91. The company’s stock had a trading volume of 8,242 shares, compared to its average volume of 5,107. The business has a fifty day moving average of $80.30 and a 200 day moving average of $77.06. First Trust RiverFront Dynamic Emerging Markets ETF has a 1-year low of $57.44 and a 1-year high of $86.40. The company has a market capitalization of $60.13 million, a PE ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.6469 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.59 annualized dividend and a dividend yield of 3.0%.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio. RFEM was launched on Jun 14, 2016 and is managed by First Trust.