First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Update

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 9,434 shares, an increase of 102.8% from the April 30th total of 4,653 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 2,986 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the first quarter valued at $37,000. Royal Bank of Canada lifted its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 7.1% during the first 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. Cetera Investment Advisers lifted its holdings in shares of 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 purchasing an additional 29,804 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the first quarter valued at $230,000. Finally, Claris Financial LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the fourth quarter valued at $1,357,000.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of NASDAQ:RFDI traded down $0.78 during midday trading on Monday, reaching $85.93. 1,150 shares of the company’s stock traded hands, compared to its average volume of 3,576. The company has a market cap of $152.10 million, a price-to-earnings ratio of 12.09 and a beta of 0.83. First Trust RiverFront Dynamic Developed International ETF has a one year low of $71.48 and a one year high of $89.25. The stock has a 50 day moving average of $84.97 and a 200 day moving average of $83.30.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.3485 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 26th.

About First Trust RiverFront Dynamic Developed International ETF

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.