Short Interest in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Drops By 68.7%

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 661 shares, a decrease of 68.7% from the August 15th total of 2,109 shares. Based on an average daily trading volume, of 1,848 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth approximately $53,000. MGO One Seven LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $453,000. Wells Fargo & Company MN lifted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,559 shares of the company’s stock valued at $678,000 after buying an additional 8,307 shares in the last quarter. Finally, World Investment Advisors lifted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after buying an additional 534 shares in the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

RFEM stock traded up $1.02 during midday trading on Friday, hitting $99.56. 1,262 shares of the stock traded hands, compared to its average volume of 4,545. First Trust RiverFront Dynamic Emerging Markets ETF has a 1-year low of $73.81 and a 1-year high of $100.15. The stock’s fifty day simple moving average is $95.54 and its 200-day simple moving average is $91.75. The firm has a market cap of $84.62 million, a P/E ratio of 12.49 and a beta of 0.80.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $1.1214 per share. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th. This represents a $4.49 dividend on an annualized basis and a dividend yield of 4.5%.

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.