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

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 661 shares, a decrease of 68.7% from the August 15th total of 2,109 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,848 shares, the short-interest ratio is currently 0.4 days.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 1.0%

RFEM traded up $1.02 during midday trading on Friday, hitting $99.56. 1,262 shares of the company traded hands, compared to its average volume of 4,545. The business has a 50 day simple moving average of $95.54 and a two-hundred day simple moving average of $91.75. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $73.81 and a 52-week high of $100.15. The company has a market capitalization of $84.62 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $1.1214 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.49 dividend on an annualized basis and a yield of 4.5%. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% during the second quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock valued at $1,155,000 after acquiring an additional 9,002 shares during the last quarter. Maia Wealth LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 55.7% in the third quarter. Maia Wealth LLC now owns 12,959 shares of the company’s stock worth $1,022,000 after acquiring an additional 4,636 shares during the last quarter. MGO One Seven LLC purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth approximately $330,000. International Assets Investment Management LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at $53,000. Finally, World Investment Advisors raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after purchasing an additional 534 shares during the last quarter.

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.