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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 500 shares, an increase of 66.7% from the February 13th total of 300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 11,100 shares, the short-interest ratio is currently 0.0 days.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of RFDI stock traded up $1.12 on Friday, hitting $67.49. The company’s stock had a trading volume of 1,375 shares, compared to its average volume of 5,777. The stock’s 50 day moving average is $64.56 and its 200-day moving average is $64.71. First Trust RiverFront Dynamic Developed International ETF has a fifty-two week low of $60.25 and a fifty-two week high of $68.36. The company has a market capitalization of $116.08 million, a PE ratio of 12.57 and a beta of 0.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Armis Advisers LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at approximately $245,000. Cetera Investment Advisers grew its position in First Trust RiverFront Dynamic Developed International ETF by 46.0% in the 4th quarter. Cetera Investment Advisers now owns 51,388 shares of the company’s stock valued at $3,158,000 after purchasing an additional 16,202 shares during the period. Baird Financial Group Inc. grew its position in First Trust RiverFront Dynamic Developed International ETF by 4.9% in the 4th quarter. Baird Financial Group Inc. now owns 15,283 shares of the company’s stock valued at $939,000 after purchasing an additional 707 shares during the period. Jane Street Group LLC grew its position in First Trust RiverFront Dynamic Developed International ETF by 143.3% in the 4th quarter. Jane Street Group LLC now owns 24,200 shares of the company’s stock valued at $1,487,000 after purchasing an additional 14,253 shares during the period. Finally, Raymond James Financial Inc. bought a new position in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at $733,000.

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.