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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 7,100 shares, an increase of 86.8% from the May 15th total of 3,800 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is currently 1.0 days.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.9%

NASDAQ RFDI opened at $72.67 on Friday. The firm has a market cap of $117.72 million, a price-to-earnings ratio of 12.35 and a beta of 0.94. The company has a 50 day moving average of $69.26 and a 200-day moving average of $65.98. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $58.54 and a 1-year high of $73.46.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2993 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Several hedge funds have recently modified their holdings of the company. Walkner Condon Financial Advisors LLC increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 9.1% during the first quarter. Walkner Condon Financial Advisors LLC now owns 6,135 shares of the company’s stock worth $408,000 after buying an additional 511 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 4.9% during the fourth quarter. Baird Financial Group Inc. now owns 15,283 shares of the company’s stock worth $939,000 after buying an additional 707 shares in the last quarter. Strategic Equity Management acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the first quarter worth approximately $206,000. ERn Financial LLC increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 24.5% in the first quarter. ERn Financial LLC now owns 18,055 shares of the company’s stock valued at $1,200,000 after purchasing an additional 3,558 shares in the last quarter. Finally, Armis Advisers LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the fourth quarter valued at approximately $245,000.

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.