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 large increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,756 shares, an increase of 216.4% from the November 30th total of 1,187 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,583 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 2,583 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the stock are sold short.

First Trust RiverFront Dynamic Developed International ETF Trading Up 0.0%

RFDI stock opened at $80.79 on Friday. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $58.54 and a 1-year high of $80.86. The company’s 50 day moving average is $78.43 and its 200 day moving average is $76.08. The stock has a market cap of $138.97 million, a price-to-earnings ratio of 12.09 and a beta of 0.88.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.9961 per share. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.98 annualized dividend and a yield of 4.9%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the second quarter valued at approximately $29,000. Evolution Wealth Management Inc. bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter valued at approximately $34,000. Fulton Breakefield Broenniman LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF during the 3rd quarter valued at $204,000. Janney Montgomery Scott LLC increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 7.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,100 shares of the company’s stock worth $299,000 after purchasing an additional 288 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 5.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 10,190 shares of the company’s stock worth $743,000 after purchasing an additional 526 shares in the last quarter.

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.