First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Sees Large Drop in Short Interest

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 500 shares, a decline of 83.3% from the September 15th total of 3,000 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.1 days.

First Trust RiverFront Dynamic Developed International ETF Trading Up 0.2%

Shares of NASDAQ RFDI opened at $76.67 on Friday. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $58.54 and a 12 month high of $78.15. The firm has a market capitalization of $131.87 million, a price-to-earnings ratio of 12.09 and a beta of 0.94. The business has a 50-day moving average of $76.51 and a 200-day moving average of $72.47.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.3845 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.54 annualized dividend and a yield of 2.0%.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RFDI. Per Stirling Capital Management LLC. boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 58.6% in the first quarter. Per Stirling Capital Management LLC. now owns 197,533 shares of the company’s stock worth $13,132,000 after buying an additional 73,023 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the second quarter worth approximately $2,592,000. Prospera Financial Services Inc grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 27.7% in the second quarter. Prospera Financial Services Inc now owns 129,880 shares of the company’s stock worth $9,471,000 after purchasing an additional 28,170 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 54.0% in the first quarter. Cetera Investment Advisers now owns 79,138 shares of the company’s stock worth $5,261,000 after purchasing an additional 27,750 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 16.0% in the first quarter. Envestnet Asset Management Inc. now owns 132,871 shares of the company’s stock worth $8,833,000 after purchasing an additional 18,325 shares during the last quarter.

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.