First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Sees Significant Drop in Short Interest

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,849 shares, a decrease of 52.6% from the June 30th total of 6,008 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,280 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth about $1,299,000. Jane Street Group LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at about $2,592,000. Orion Porfolio Solutions LLC lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 49.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 11,470 shares of the company’s stock valued at $880,000 after acquiring an additional 3,798 shares during the period. UBS Group AG boosted its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 12.3% during the 3rd quarter. UBS Group AG now owns 28,596 shares of the company’s stock valued at $2,194,000 after acquiring an additional 3,129 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at about $111,000.

First Trust RiverFront Dynamic Developed International ETF Stock Down 0.1%

Shares of First Trust RiverFront Dynamic Developed International ETF stock traded down $0.12 during trading on Tuesday, reaching $88.60. 3,291 shares of the stock were exchanged, compared to its average volume of 3,904. The firm has a market cap of $161.25 million, a price-to-earnings ratio of 12.09 and a beta of 0.82. First Trust RiverFront Dynamic Developed International ETF has a 1 year low of $71.69 and a 1 year high of $89.61. The stock’s fifty day moving average is $87.46 and its 200 day moving average is $85.70.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $1.0702 dividend. The ex-dividend date was Thursday, June 25th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

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.