First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Up 25.5% in January

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,295 shares, an increase of 25.5% from the January 15th total of 1,829 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 4,306 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 4,306 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 0.2%

Shares of RFEM stock traded down $0.18 during trading hours on Monday, reaching $87.52. The stock had a trading volume of 5,732 shares, compared to its average volume of 5,328. The stock’s fifty day simple moving average is $82.06 and its 200 day simple moving average is $78.19. The firm has a market capitalization of $61.26 million, a PE ratio of 12.49 and a beta of 0.70. First Trust RiverFront Dynamic Emerging Markets ETF has a 12 month low of $57.44 and a 12 month high of $88.62.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.6469 per share. This represents a $2.59 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 23.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,187 shares of the company’s stock worth $4,013,000 after acquiring an additional 10,731 shares during the period. World Investment Advisors increased its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% in the 2nd quarter. World Investment Advisors now owns 10,378 shares of the company’s stock worth $741,000 after purchasing an additional 606 shares in the last quarter. Prospera Financial Services Inc lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 2.6% during the 2nd quarter. Prospera Financial Services Inc now owns 33,698 shares of the company’s stock valued at $2,407,000 after acquiring an additional 856 shares during the period. Cetera Investment Advisers raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 153.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,033 shares of the company’s stock valued at $1,574,000 after buying an additional 13,350 shares during the last quarter. Finally, Maia Wealth LLC lifted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 37.8% in the second quarter. Maia Wealth LLC now owns 8,323 shares of the company’s stock valued at $595,000 after acquiring an additional 2,284 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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.