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

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

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Several institutional investors and hedge funds have recently modified their holdings of RFDI. Per Stirling Capital Management LLC. boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 3.9% in the second quarter. Per Stirling Capital Management LLC. now owns 205,166 shares of the company’s stock valued at $14,961,000 after buying an additional 7,633 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 11.3% in the second quarter. Envestnet Asset Management Inc. now owns 147,934 shares of the company’s stock worth $10,787,000 after acquiring an additional 15,063 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 4.3% in 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 in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 20.0% in the 4th quarter. Cetera Investment Advisers now owns 138,746 shares of the company’s stock valued at $11,170,000 after purchasing an additional 23,133 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in shares of 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 valued at $9,111,000 after purchasing an additional 12,053 shares during the last quarter.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of First Trust RiverFront Dynamic Developed International ETF stock traded down $1.47 on Monday, reaching $86.71. 1,946 shares of the stock were exchanged, compared to its average volume of 4,241. The firm has a market cap of $149.14 million, a PE ratio of 12.09 and a beta of 0.88. The firm’s 50 day moving average is $84.51 and its 200-day moving average is $79.93. First Trust RiverFront Dynamic Developed International ETF has a one year low of $58.54 and a one year high of $89.01.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.9961 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.98 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38.

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.