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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 2,348 shares, a drop of 37.5% from the December 15th total of 3,756 shares. Based on an average daily trading volume, of 2,996 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,996 shares, the days-to-cover ratio is presently 0.8 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of First Trust RiverFront Dynamic Developed International ETF stock traded up $0.05 during trading hours on Friday, reaching $82.78. The company had a trading volume of 12,485 shares, compared to its average volume of 4,035. First Trust RiverFront Dynamic Developed International ETF has a one year low of $58.54 and a one year high of $83.22. The business has a fifty day simple moving average of $79.73 and a 200 day simple moving average of $77.04. The firm has a market cap of $142.38 million, a PE ratio of 12.09 and a beta of 0.88.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.9961 dividend. 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. This represents a $3.98 annualized dividend and a dividend yield of 4.8%.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in First Trust RiverFront Dynamic Developed International ETF by 7.6% in the 2nd 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 period. Ameritas Advisory Services LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF during the second quarter valued at about $29,000. Evolution Wealth Management Inc. purchased a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the second quarter worth about $34,000. DAVENPORT & Co LLC increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 5.4% in the second quarter. DAVENPORT & Co LLC now owns 10,190 shares of the company’s stock worth $743,000 after buying an additional 526 shares during the period. Finally, Fulton Breakefield Broenniman LLC purchased a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the third quarter worth about $204,000.

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.