First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Up 47.8% in February

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,521 shares, a growth of 47.8% from the January 29th total of 1,029 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,634 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 4,634 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 11.3% during the second quarter. Envestnet Asset Management Inc. now owns 147,934 shares of the company’s stock worth $10,787,000 after purchasing an additional 15,063 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 27.7% in the 2nd quarter. Prospera Financial Services Inc now owns 129,880 shares of the company’s stock valued at $9,471,000 after buying an additional 28,170 shares during the period. Cetera Investment Advisers lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 18.5% during the 2nd quarter. Cetera Investment Advisers now owns 93,760 shares of the company’s stock worth $6,837,000 after acquiring an additional 14,622 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 10.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 124,939 shares of the company’s stock worth $9,111,000 after acquiring an additional 12,053 shares in the last quarter. Finally, Per Stirling Capital Management LLC. boosted its holdings in First Trust RiverFront Dynamic Developed International ETF by 3.9% during the 2nd quarter. Per Stirling Capital Management LLC. now owns 205,166 shares of the company’s stock valued at $14,961,000 after acquiring an additional 7,633 shares during the period.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.5%

NASDAQ RFDI traded down $0.44 during trading hours on Friday, reaching $88.22. The company had a trading volume of 2,016 shares, compared to its average volume of 4,300. The stock has a market capitalization of $151.74 million, a P/E ratio of 12.09 and a beta of 0.88. The stock has a 50-day moving average of $84.37 and a 200 day moving average of $79.82. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $58.54 and a 1-year high of $89.01.

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 given a dividend of $0.9961 per share. This represents a $3.98 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, December 12th. 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.