Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Drops By 52.6%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,849 shares, a decrease of 52.6% from the June 30th total of 6,008 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,280 shares, the short-interest ratio is presently 0.5 days.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of RFDI stock traded up $0.19 during midday trading on Wednesday, reaching $88.72. 3,024 shares of the company were exchanged, compared to its average volume of 3,913. The company’s 50 day moving average price is $87.51 and its two-hundred day moving average price is $85.76. The company has a market cap of $161.47 million, a P/E ratio of 12.09 and a beta of 0.82. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $71.69 and a 12 month high of $89.61.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $1.0702 per share. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after purchasing an additional 29,804 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 4.3% in the 4th quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after buying an additional 5,846 shares in the last quarter. Royal Bank of Canada boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 7.1% during the first quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock valued at $3,693,000 after buying an additional 2,979 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust RiverFront Dynamic Developed International ETF during the second quarter worth about $2,592,000. Finally, UBS Group AG grew its holdings in First Trust RiverFront Dynamic Developed International ETF by 12.3% during the third quarter. UBS Group AG now owns 28,596 shares of the company’s stock worth $2,194,000 after acquiring an additional 3,129 shares during the period.

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.