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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 500 shares, a growth of 400.0% from the August 15th total of 100 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is presently 0.1 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of NASDAQ RFDI traded up $0.54 during midday trading on Thursday, hitting $66.74. 1,803 shares of the company’s stock were exchanged, compared to its average volume of 3,590. First Trust RiverFront Dynamic Developed International ETF has a twelve month low of $52.98 and a twelve month high of $68.36. The firm has a market cap of $124.80 million, a P/E ratio of 10.90 and a beta of 0.94. The stock’s 50 day moving average price is $65.81 and its 200-day moving average price is $64.68.

First Trust RiverFront Dynamic Developed International ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $1.0372 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $4.15 dividend on an annualized basis and a yield of 6.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RFDI. International Assets Investment Management LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter worth about $369,000. Janney Montgomery Scott LLC boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 6.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,611 shares of the company’s stock valued at $466,000 after buying an additional 455 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in First Trust RiverFront Dynamic Developed International ETF by 23.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 4,064 shares of the company’s stock worth $249,000 after acquiring an additional 777 shares during the period. ERn Financial LLC raised its position in First Trust RiverFront Dynamic Developed International ETF by 5.3% in the first quarter. ERn Financial LLC now owns 12,557 shares of the company’s stock worth $807,000 after acquiring an additional 633 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its holdings in First Trust RiverFront Dynamic Developed International ETF by 6.6% in the 1st quarter. OLD Mission Capital LLC now owns 65,259 shares of the company’s stock valued at $4,194,000 after acquiring an additional 4,064 shares during 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.