Short Interest in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Expands By 25.5%

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,295 shares, a growth of 25.5% from the January 15th total of 1,829 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 4,306 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 4,306 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at about $47,000. International Assets Investment Management LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $53,000. MGO One Seven LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at approximately $453,000. Finally, Triad Wealth Partners LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at $472,000.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 0.2%

NASDAQ:RFEM traded down $0.18 on Monday, hitting $87.52. The company had a trading volume of 5,732 shares, compared to its average volume of 5,328. The stock has a market capitalization of $61.26 million, a price-to-earnings ratio of 12.49 and a beta of 0.70. The firm has a 50 day moving average of $82.06 and a two-hundred day moving average of $78.19. First Trust RiverFront Dynamic Emerging Markets ETF has a 52 week low of $57.44 and a 52 week high of $88.62.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.6469 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.59 annualized dividend and a dividend yield of 3.0%.

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.