First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Down 87.5% in August

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 100 shares, a decline of 87.5% from the July 31st total of 800 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 0.0 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of NASDAQ:RFDI traded up $0.28 during trading hours on Tuesday, hitting $68.31. The company’s stock had a trading volume of 2,247 shares, compared to its average volume of 3,196. The firm’s fifty day moving average price is $65.20 and its 200 day moving average price is $64.29. First Trust RiverFront Dynamic Developed International ETF has a 52 week low of $52.98 and a 52 week high of $68.36. The company has a market capitalization of $127.75 million, a price-to-earnings ratio of 10.90 and a beta of 0.94.

First Trust RiverFront Dynamic Developed International ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $1.0372 dividend. The ex-dividend date was Thursday, June 27th. This represents a $4.15 dividend on an annualized basis and a yield of 6.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter valued at $162,000. Raleigh Capital Management Inc. increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 23.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $249,000 after purchasing an additional 777 shares during the period. Strategic Equity Management purchased a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the second quarter worth about $333,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the fourth quarter worth about $369,000. Finally, Walkner Condon Financial Advisors LLC boosted its position in First Trust RiverFront Dynamic Developed International ETF by 2.5% in the second quarter. Walkner Condon Financial Advisors LLC now owns 6,257 shares of the company’s stock valued at $398,000 after buying an additional 153 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.