First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Sees Significant Drop in Short Interest

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,849 shares, a decline of 52.6% from the June 30th total of 6,008 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,280 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 21.5% in the first quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after acquiring an additional 29,804 shares during the period. Prospera Financial Services Inc raised its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 4.3% during the 4th quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock valued at $11,510,000 after purchasing an additional 5,846 shares during the period. Royal Bank of Canada grew its holdings in First Trust RiverFront Dynamic Developed International ETF by 7.1% during the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock valued at $3,693,000 after buying an additional 2,979 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at about $2,592,000. Finally, UBS Group AG grew its holdings in First Trust RiverFront Dynamic Developed International ETF by 12.3% during the 3rd quarter. UBS Group AG now owns 28,596 shares of the company’s stock valued at $2,194,000 after buying an additional 3,129 shares in the last quarter.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

NASDAQ:RFDI traded down $0.12 on Tuesday, reaching $88.60. The company’s stock had a trading volume of 3,291 shares, compared to its average volume of 3,904. The firm has a market cap of $161.25 million, a PE ratio of 12.09 and a beta of 0.82. The business’s 50-day moving average price is $87.46 and its two-hundred day moving average price is $85.70. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $71.69 and a 1-year high of $89.61.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $1.0702 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, June 25th.

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.