Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Rises By 102.8%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,434 shares, an increase of 102.8% from the April 30th total of 4,653 shares. Based on an average trading volume of 2,986 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.5% of the company’s shares are sold short.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.5%

RFDI stock traded down $0.41 during midday trading on Tuesday, hitting $86.30. The company had a trading volume of 9,841 shares, compared to its average volume of 3,661. The stock has a market cap of $152.75 million, a price-to-earnings ratio of 12.09 and a beta of 0.83. First Trust RiverFront Dynamic Developed International ETF has a 52 week low of $71.48 and a 52 week high of $89.25. The stock’s 50 day moving average price is $85.07 and its 200 day moving average price is $83.35.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.3485 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC bought a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the second quarter worth about $1,299,000. Jane Street Group LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth approximately $2,592,000. Prospera Financial Services Inc grew its position in shares of First Trust RiverFront Dynamic Developed International ETF by 5.6% in the 3rd quarter. Prospera Financial Services Inc now owns 137,127 shares of the company’s stock worth $10,520,000 after buying an additional 7,247 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of First Trust RiverFront Dynamic Developed International ETF by 49.5% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 11,470 shares of the company’s stock worth $880,000 after buying an additional 3,798 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 12.3% during the third quarter. UBS Group AG now owns 28,596 shares of the company’s stock valued at $2,194,000 after acquiring an additional 3,129 shares in the last quarter.

About First Trust RiverFront Dynamic Developed International ETF

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. RFDI was launched on Apr 13, 2016 and is managed by First Trust.