First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Update

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,745 shares, a decline of 67.3% from the July 30th total of 5,337 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,278 shares, the days-to-cover ratio is currently 0.2 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

RFDI stock traded down $0.10 during midday trading on Friday, reaching $92.18. 2,267 shares of the stock were exchanged, compared to its average volume of 4,317. First Trust RiverFront Dynamic Developed International ETF has a 52 week low of $74.64 and a 52 week high of $93.30. The company has a fifty day moving average price of $89.76 and a 200 day moving average price of $87.02. The stock has a market capitalization of $167.77 million, a PE ratio of 12.09 and a beta of 0.81.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.0702 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RFDI. Western Wealth Management LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the first quarter worth approximately $37,000. Wells Fargo & Company MN boosted its position in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock valued at $110,000 after acquiring an additional 1,371 shares during the last quarter. Compass Financial Management LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth about $197,000. First Trust Advisors LP acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth about $205,000. Finally, Spartan Wealth Advisory Services LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 1st quarter worth about $230,000.

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