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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDIGet Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,337 shares, an increase of 87.3% from the July 15th total of 2,849 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 4,962 shares, the short-interest ratio is presently 1.1 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of NASDAQ RFDI traded up $0.06 during mid-day trading on Monday, reaching $92.75. 11,923 shares of the company traded hands, compared to its average volume of 4,356. First Trust RiverFront Dynamic Developed International ETF has a fifty-two week low of $74.64 and a fifty-two week high of $93.03. The firm has a market cap of $168.81 million, a PE ratio of 12.09 and a beta of 0.81. The stock has a fifty day simple moving average of $88.78 and a 200-day simple moving average of $86.56.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $1.0702 per share. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, June 25th. This represents a $4.28 annualized dividend and a dividend yield of 4.6%.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the first quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after buying an additional 29,804 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in First Trust RiverFront Dynamic Developed International ETF by 4.3% in the 4th quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock valued at $11,510,000 after acquiring an additional 5,846 shares during the last quarter. Royal Bank of Canada boosted its position in shares of First Trust RiverFront Dynamic Developed International ETF by 7.1% during the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock valued at $3,693,000 after purchasing an additional 2,979 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at about $2,592,000. Finally, UBS Group AG grew its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 12.3% in the 3rd quarter. UBS Group AG now owns 28,596 shares of the company’s stock worth $2,194,000 after purchasing an additional 3,129 shares during the last quarter.

About First Trust RiverFront Dynamic Developed International ETF

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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.

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