First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Sees Large Increase in Short Interest

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,100 shares, a growth of 57.1% from the September 30th total of 700 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is presently 0.4 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 31.3% during the first quarter. LPL Financial LLC now owns 41,122 shares of the company’s stock valued at $2,677,000 after purchasing an additional 9,808 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 45,456 shares of the company’s stock valued at $2,959,000 after acquiring an additional 3,756 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter valued at approximately $466,000. Janney Montgomery Scott LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter valued at approximately $4,884,000. Finally, Cetera Investment Advisers acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the first quarter valued at approximately $565,000.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 0.6%

Shares of RFEM stock opened at $78.85 on Tuesday. The stock has a fifty day simple moving average of $76.25 and a two-hundred day simple moving average of $72.12. First Trust RiverFront Dynamic Emerging Markets ETF has a twelve month low of $57.44 and a twelve month high of $79.43. The stock has a market capitalization of $47.31 million, a price-to-earnings ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.6574 per share. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Thursday, September 25th.

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.