Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Drops By 57.3%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,029 shares, a decline of 57.3% from the January 15th total of 2,412 shares. Based on an average daily trading volume, of 5,802 shares, the days-to-cover ratio is presently 0.2 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 5,802 shares, the days-to-cover ratio is presently 0.2 days.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

First Trust RiverFront Dynamic Developed International ETF stock traded down $1.30 during midday trading on Thursday, reaching $87.03. The company’s stock had a trading volume of 4,592 shares, compared to its average volume of 4,771. First Trust RiverFront Dynamic Developed International ETF has a fifty-two week low of $58.54 and a fifty-two week high of $88.42. The stock’s 50 day simple moving average is $82.39 and its 200 day simple moving average is $78.62. The firm has a market capitalization of $149.69 million, a PE ratio of 12.09 and a beta of 0.88.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.9961 dividend. This represents a $3.98 annualized dividend and a dividend yield of 4.6%. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at approximately $29,000. Evolution Wealth Management Inc. acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth approximately $34,000. Elevated Capital Advisors LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the 4th quarter valued at approximately $111,000. Fulton Breakefield Broenniman LLC acquired a new position in First Trust RiverFront Dynamic Developed International ETF during the third quarter worth $204,000. Finally, Janney Montgomery Scott LLC raised its holdings 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 purchasing an additional 288 shares during the last quarter.

First Trust RiverFront Dynamic Developed International ETF Company Profile

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.