First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Update

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 11,000 shares, a decline of 14.7% from the November 30th total of 12,900 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is currently 4.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RFEM. J.W. Cole Advisors Inc. raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 26,060 shares of the company’s stock valued at $1,776,000 after acquiring an additional 1,842 shares during the period. Hilltop Holdings Inc. increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% in the third quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock worth $683,000 after purchasing an additional 219 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter valued at approximately $552,000. Capasso Planning Partners LLC purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 3rd quarter valued at approximately $471,000. Finally, Maia Wealth LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth approximately $218,000.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 0.5 %

Shares of RFEM stock traded down $0.31 during trading hours on Friday, hitting $63.75. 2,949 shares of the company were exchanged, compared to its average volume of 2,058. The stock has a market capitalization of $28.69 million, a price-to-earnings ratio of 7.49 and a beta of 0.83. The firm has a fifty day simple moving average of $64.93 and a 200 day simple moving average of $65.49. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $56.19 and a 52-week high of $70.20.

First Trust RiverFront Dynamic Emerging Markets ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $1.2429 dividend. The ex-dividend date is Friday, December 13th.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio.