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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 5,337 shares, a growth of 87.3% from the July 15th total of 2,849 shares. Based on an average daily volume of 4,962 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

First Trust RiverFront Dynamic Developed International ETF Trading Up 0.1%

RFDI stock traded up $0.11 during mid-day trading on Friday, hitting $92.72. The stock had a trading volume of 5,922 shares, compared to its average volume of 4,307. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $74.64 and a 1-year high of $93.01. The company has a fifty day moving average of $88.78 and a 200 day moving average of $86.55. The stock has a market capitalization of $168.75 million, a price-to-earnings ratio of 12.09 and a beta of 0.81.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $1.0702 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of hedge funds have recently added to or reduced their stakes in RFDI. Western Wealth Management LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF during the first quarter valued at approximately $37,000. Wells Fargo & Company MN grew its position in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock worth $110,000 after acquiring an additional 1,371 shares in the last quarter. Elevated Capital Advisors LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth $111,000. Compass Financial Management LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at $197,000. Finally, First Trust Advisors LP bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at $205,000.

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.