First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Update

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,434 shares, an increase of 102.8% from the April 30th total of 4,653 shares. Based on an average trading volume of 2,986 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.5% of the shares of the company are short sold.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.9%

RFDI stock traded down $0.78 during trading on Monday, reaching $85.93. The stock had a trading volume of 1,150 shares, compared to its average volume of 3,576. First Trust RiverFront Dynamic Developed International ETF has a 52 week low of $71.48 and a 52 week high of $89.25. The stock’s 50 day moving average is $84.97 and its two-hundred day moving average is $83.30. The firm has a market cap of $152.10 million, a PE ratio of 12.09 and a beta of 0.83.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.3485 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.39 dividend on an annualized basis and a yield of 1.6%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the first quarter valued at about $37,000. Wells Fargo & Company MN lifted its holdings in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock valued at $110,000 after acquiring an additional 1,371 shares during the period. Elevated Capital Advisors LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter valued at about $111,000. First Trust Advisors LP bought a new position in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter valued at about $205,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the first quarter valued at about $230,000.

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.