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

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 17,832 shares, a growth of 405.7% from the December 15th total of 3,526 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily volume of 9,159 shares, the short-interest ratio is presently 1.9 days. Based on an average daily volume of 9,159 shares, the short-interest ratio is presently 1.9 days. Approximately 2.7% of the company’s shares are short sold.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

RFEM opened at $82.58 on Thursday. The firm has a 50 day moving average price of $78.94 and a 200 day moving average price of $76.14. The company has a market cap of $57.80 million, a PE ratio of 12.49 and a beta of 0.70. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $57.44 and a 1 year high of $82.96.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.6469 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.59 annualized dividend and a dividend yield of 3.1%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 2nd quarter worth $4,884,000. Cetera Investment Advisers lifted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 153.7% during the second quarter. Cetera Investment Advisers now owns 22,033 shares of the company’s stock worth $1,574,000 after purchasing an additional 13,350 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 23.6% during the second quarter. Envestnet Asset Management Inc. now owns 56,187 shares of the company’s stock worth $4,013,000 after purchasing an additional 10,731 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 163.6% in the third quarter. Farther Finance Advisors LLC now owns 17,201 shares of the company’s stock worth $1,305,000 after buying an additional 10,676 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% in the second quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock valued at $1,155,000 after buying an additional 9,002 shares in the last quarter.

About First Trust RiverFront Dynamic Emerging Markets ETF

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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.