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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 5,600 shares, an increase of 229.4% from the April 30th total of 1,700 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is currently 0.5 days.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in First Trust RiverFront Dynamic Developed International ETF by 9.4% in the second quarter. Morgan Stanley now owns 348,147 shares of the company’s stock valued at $24,638,000 after acquiring an additional 29,993 shares during the last quarter. Royal Bank of Canada grew its position in First Trust RiverFront Dynamic Developed International ETF by 1.0% in the first quarter. Royal Bank of Canada now owns 145,420 shares of the company’s stock valued at $9,500,000 after acquiring an additional 1,484 shares during the last quarter. Raymond James & Associates grew its position in First Trust RiverFront Dynamic Developed International ETF by 99.7% in the first quarter. Raymond James & Associates now owns 60,910 shares of the company’s stock valued at $3,979,000 after acquiring an additional 30,409 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 2.8% during the first quarter. Baird Financial Group Inc. now owns 53,400 shares of the company’s stock valued at $3,488,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 7.4% during the first quarter. Steward Partners Investment Advisory LLC now owns 49,554 shares of the company’s stock worth $3,237,000 after purchasing an additional 3,434 shares during the last quarter.

First Trust RiverFront Dynamic Developed International ETF stock opened at $60.49 on Thursday. First Trust RiverFront Dynamic Developed International ETF has a 12-month low of $56.57 and a 12-month high of $75.99. The business’s 50-day moving average price is $62.56 and its two-hundred day moving average price is $67.06.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were given a $0.276 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, March 25th.

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