Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Decreases By 52.0%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 837 shares, a decline of 52.0% from the August 15th total of 1,745 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,044 shares, the days-to-cover ratio is currently 0.2 days.

First Trust RiverFront Dynamic Developed International ETF Stock Down 0.0%

Shares of NASDAQ RFDI traded down $0.04 during trading hours on Tuesday, hitting $91.71. 1,798 shares of the stock were exchanged, compared to its average volume of 4,211. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $75.28 and a 12 month high of $93.73. The firm has a fifty day moving average price of $90.83 and a 200-day moving average price of $87.36. The company has a market cap of $103.63 million, a PE ratio of 12.09 and a beta of 0.81.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $1.0702 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.28 annualized dividend and a yield of 4.7%. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the second quarter valued at about $308,000. Compass Financial Management LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth approximately $197,000. Western Wealth Management LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF during the 1st quarter worth approximately $37,000. Royal Bank of Canada grew its position in First Trust RiverFront Dynamic Developed International ETF by 7.1% during the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock worth $3,693,000 after purchasing an additional 2,979 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after purchasing an additional 29,804 shares during the last quarter.

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.