Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Declines By 57.3%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,029 shares, a drop of 57.3% from the January 15th total of 2,412 shares. Based on an average daily volume of 5,802 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,802 shares, the days-to-cover ratio is presently 0.2 days.

First Trust RiverFront Dynamic Developed International ETF Stock Up 0.3%

First Trust RiverFront Dynamic Developed International ETF stock opened at $87.32 on Friday. The company’s 50-day moving average price is $82.71 and its 200-day moving average price is $78.78. The company has a market cap of $150.19 million, a PE ratio of 12.09 and a beta of 0.88. First Trust RiverFront Dynamic Developed International ETF has a twelve month low of $58.54 and a twelve month high of $88.42.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.9961 dividend. This represents a $3.98 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in First Trust RiverFront Dynamic Developed International ETF by 7.6% during the second quarter. Janney Montgomery Scott LLC now owns 4,100 shares of the company’s stock valued at $299,000 after acquiring an additional 288 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 27.7% during the 2nd quarter. Prospera Financial Services Inc now owns 129,880 shares of the company’s stock worth $9,471,000 after purchasing an additional 28,170 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 11.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 147,934 shares of the company’s stock worth $10,787,000 after purchasing an additional 15,063 shares during the period. Cetera Investment Advisers grew its holdings in First Trust RiverFront Dynamic Developed International ETF by 18.5% during the 2nd quarter. Cetera Investment Advisers now owns 93,760 shares of the company’s stock valued at $6,837,000 after purchasing an additional 14,622 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth about $29,000.

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.