Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Drops By 52.0%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 837 shares, a decline of 52.0% from the August 15th total of 1,745 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,044 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Several institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the first quarter worth approximately $37,000. Wells Fargo & Company MN increased its stake 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 worth $110,000 after acquiring an additional 1,371 shares during the last quarter. Compass Financial Management LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the second quarter valued at $197,000. First Trust Advisors LP purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter valued at $205,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 1st quarter valued at $230,000.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.0%

First Trust RiverFront Dynamic Developed International ETF stock opened at $91.72 on Monday. First Trust RiverFront Dynamic Developed International ETF has a 12-month low of $75.28 and a 12-month high of $93.73. The stock has a market cap of $166.92 million, a P/E ratio of 12.09 and a beta of 0.81. The company has a 50-day moving average price of $90.76 and a 200 day moving average price of $87.33.

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 paid a $1.0702 dividend. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%.

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.