Short Interest in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Drops By 68.7%

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 661 shares, a decline of 68.7% from the August 15th total of 2,109 shares. Based on an average daily trading volume, of 1,848 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of RFEM stock traded down $0.02 on Monday, reaching $99.59. 1,262 shares of the company were exchanged, compared to its average volume of 4,545. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $73.81 and a one year high of $100.15. The company has a 50-day moving average of $95.65 and a 200-day moving average of $91.85. The company has a market cap of $15.93 million, a price-to-earnings ratio of 12.49 and a beta of 0.80.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.1214 per share. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th. This represents a $4.49 dividend on an annualized basis and a yield of 4.5%.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% during the first quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock worth $70,000 after buying an additional 183 shares during the last quarter. World Investment Advisors increased its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the fourth quarter. World Investment Advisors now owns 11,982 shares of the company’s stock worth $949,000 after purchasing an additional 534 shares during the period. J.W. Cole Advisors Inc. raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 2.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 26,392 shares of the company’s stock valued at $2,090,000 after purchasing an additional 651 shares in the last quarter. Maia Wealth LLC raised its position in First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% during the fourth quarter. Maia Wealth LLC now owns 14,334 shares of the company’s stock valued at $1,257,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.1% in the 1st quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock worth $2,346,000 after acquiring an additional 1,645 shares during the last quarter.

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