First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Sees Significant Increase in Short Interest

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,700 shares, an increase of 19.4% from the August 15th total of 3,100 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 1.1 days.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Down 0.2 %

Shares of NASDAQ:RFEM traded down $0.16 during midday trading on Monday, reaching $65.52. 388 shares of the company were exchanged, compared to its average volume of 2,034. The stock has a fifty day simple moving average of $64.93 and a two-hundred day simple moving average of $63.81. The firm has a market cap of $29.48 million, a PE ratio of 7.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a fifty-two week low of $51.67 and a fifty-two week high of $70.20.

First Trust RiverFront Dynamic Emerging Markets ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.7304 dividend. The ex-dividend date was Thursday, June 27th. This represents a $2.92 annualized dividend and a yield of 4.46%.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 2nd quarter worth approximately $62,000. Raleigh Capital Management Inc. increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 22.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,108 shares of the company’s stock valued at $66,000 after buying an additional 200 shares during the period. International Assets Investment Management LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at approximately $678,000. Finally, OLD Mission Capital LLC lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 11.1% during the 1st quarter. OLD Mission Capital LLC now owns 97,521 shares of the company’s stock worth $5,972,000 after acquiring an additional 9,743 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio.