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

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,489 shares, a drop of 40.1% from the February 12th total of 2,487 shares. Based on an average daily volume of 4,477 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 4,477 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Several hedge funds have recently modified their holdings of RFEM. Ferguson Shapiro LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth $7,611,000. LPL Financial LLC raised its position in First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% in the 4th quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock valued at $6,121,000 after purchasing an additional 24,618 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 72,344 shares of the company’s stock valued at $5,729,000 after buying an additional 2,975 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 57,120 shares of the company’s stock valued at $4,332,000 after buying an additional 933 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3.3% during the second quarter. Baird Financial Group Inc. now owns 47,655 shares of the company’s stock worth $3,404,000 after buying an additional 1,511 shares in the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 0.6%

RFEM traded down $0.46 during trading hours on Friday, hitting $82.35. 14,671 shares of the company’s stock were exchanged, compared to its average volume of 7,442. The firm has a market cap of $57.65 million, a P/E ratio of 12.49 and a beta of 0.70. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $57.44 and a 12-month high of $89.93. The firm has a 50 day moving average of $85.03 and a 200 day moving average of $79.98.

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.