First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Down 52.6% in July

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,849 shares, a decrease of 52.6% from the June 30th total of 6,008 shares. Based on an average trading volume of 5,280 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

Institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the 1st quarter worth about $37,000. Wells Fargo & Company MN boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock valued at $110,000 after purchasing an additional 1,371 shares during the period. Elevated Capital Advisors LLC acquired a new position in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at about $111,000. First Trust Advisors LP bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 4th quarter worth about $205,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 1st quarter worth about $230,000.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

First Trust RiverFront Dynamic Developed International ETF stock remained flat at $88.72 during midday trading on Thursday. The company had a trading volume of 3,024 shares, compared to its average volume of 3,913. The firm has a market capitalization of $161.47 million, a price-to-earnings ratio of 12.09 and a beta of 0.82. The business has a 50-day simple moving average of $87.54 and a 200-day simple moving average of $85.81. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $71.69 and a 12 month high of $89.61.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $1.0702 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%.

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.