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

by · The Markets Daily

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 837 shares, a decrease of 52.0% from the August 15th total of 1,745 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,044 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the first quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after purchasing an additional 29,804 shares during the period. Prospera Financial Services Inc raised its position in First Trust RiverFront Dynamic Developed International ETF by 4.3% in the fourth quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock valued at $11,510,000 after purchasing an additional 5,846 shares during the period. Royal Bank of Canada grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 7.1% during the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock worth $3,693,000 after purchasing an additional 2,979 shares during the period. Claris Financial LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth about $1,357,000. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth about $308,000.

First Trust RiverFront Dynamic Developed International ETF Stock Down 0.0%

Shares of First Trust RiverFront Dynamic Developed International ETF stock traded down $0.04 on Wednesday, hitting $91.71. 1,798 shares of the company were exchanged, compared to its average volume of 4,211. The stock has a market capitalization of $103.63 million, a price-to-earnings ratio of 12.09 and a beta of 0.81. The company has a 50-day moving average price of $90.91 and a 200 day moving average price of $87.38. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $75.28 and a 1-year high of $93.73.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.0702 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. This is an increase 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.

First Trust RiverFront Dynamic Developed International ETF Company Profile

(Get Free Report)

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.

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