Short Interest in First Trust Developed International Equity Select ETF (NASDAQ:RNDM) Drops By 71.4%

First Trust Developed International Equity Select ETF (NASDAQ:RNDM) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 600 shares, a drop of 71.4% from the December 15th total of 2,100 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 0.3 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its holdings in shares of First Trust Developed International Equity Select ETF by 27.0% in the second quarter. Susquehanna International Group LLP now owns 33,607 shares of the company’s stock worth $1,869,000 after buying an additional 7,144 shares during the period. Strategic Blueprint LLC purchased a new position in shares of First Trust Developed International Equity Select ETF in the second quarter worth about $130,000. SignalPoint Asset Management LLC increased its holdings in shares of First Trust Developed International Equity Select ETF by 44.9% in the third quarter. SignalPoint Asset Management LLC now owns 49,378 shares of the company’s stock worth $2,692,000 after buying an additional 15,311 shares during the period. LPL Financial LLC increased its holdings in shares of First Trust Developed International Equity Select ETF by 9.6% in the second quarter. LPL Financial LLC now owns 43,914 shares of the company’s stock worth $2,442,000 after buying an additional 3,859 shares during the period. Finally, Financial Advocates Investment Management increased its holdings in shares of First Trust Developed International Equity Select ETF by 9.0% in the third quarter. Financial Advocates Investment Management now owns 7,381 shares of the company’s stock worth $402,000 after buying an additional 610 shares during the period.

NASDAQ RNDM opened at $55.26 on Friday. The stock’s 50-day simple moving average is $55.22 and its two-hundred day simple moving average is $56.00. First Trust Developed International Equity Select ETF has a twelve month low of $51.57 and a twelve month high of $58.43.

The company also recently declared a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Monday, December 27th were given a dividend of $0.463 per share. This is an increase from First Trust Developed International Equity Select ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, December 23rd. This represents a $1.85 dividend on an annualized basis and a yield of 3.35%.

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