Short Interest in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Drops By 40.1%

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,489 shares, a decline of 40.1% from the February 12th total of 2,487 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 4,477 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 4,477 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of RFEM traded down $0.46 during mid-day trading on Friday, reaching $82.35. The stock had a trading volume of 14,671 shares, compared to its average volume of 7,442. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $57.44 and a 52-week high of $89.93. The firm has a market cap of $57.65 million, a price-to-earnings ratio of 12.49 and a beta of 0.70. The business’s fifty day moving average is $85.03 and its 200 day moving average is $79.94.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Large investors have recently bought and sold shares of the company. Ferguson Shapiro LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $7,611,000. LPL Financial LLC grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% in the fourth quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock valued at $6,121,000 after purchasing an additional 24,618 shares during the last quarter. Cetera Investment Advisers grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 153.7% in the second quarter. Cetera Investment Advisers now owns 22,033 shares of the company’s stock valued at $1,574,000 after purchasing an additional 13,350 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% during the 4th quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock worth $1,120,000 after purchasing an additional 13,090 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake 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 purchasing an additional 10,731 shares in the last quarter.

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.