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 large decrease in short interest in September. As of September 30th, there was short interest totalling 700 shares, a decrease of 50.0% from the September 15th total of 1,400 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 0.1 days.

First Trust RiverFront Dynamic Developed International ETF Stock Up 0.6 %

First Trust RiverFront Dynamic Developed International ETF stock traded up $0.37 during mid-day trading on Friday, reaching $66.71. 907 shares of the company’s stock were exchanged, compared to its average volume of 3,473. The firm has a market capitalization of $124.75 million, a PE ratio of 10.90 and a beta of 0.94. First Trust RiverFront Dynamic Developed International ETF has a one year low of $52.98 and a one year high of $68.36. The business’s fifty day simple moving average is $66.47 and its 200 day simple moving average is $65.21.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.7571 per share. This represents a $3.03 annualized dividend and a yield of 4.54%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth approximately $162,000. Raleigh Capital Management Inc. grew its position in shares of First Trust RiverFront Dynamic Developed International ETF by 23.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $249,000 after purchasing an additional 777 shares in the last quarter. Strategic Equity Management bought a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at $333,000. Walkner Condon Financial Advisors LLC lifted its holdings in First Trust RiverFront Dynamic Developed International ETF by 2.5% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 6,257 shares of the company’s stock worth $398,000 after purchasing an additional 153 shares in the last quarter. Finally, ERn Financial LLC boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 5.3% in the 1st quarter. ERn Financial LLC now owns 12,557 shares of the company’s stock worth $807,000 after purchasing an additional 633 shares during the period.

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.