First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Down 37.5% in December

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,348 shares, a decline of 37.5% from the December 15th total of 3,756 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,996 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 2,996 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the second quarter valued at approximately $29,000. Evolution Wealth Management Inc. acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter valued at $34,000. Fulton Breakefield Broenniman LLC purchased a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 3rd quarter valued at $204,000. Janney Montgomery Scott LLC raised its stake in First Trust RiverFront Dynamic Developed International ETF by 7.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 4,100 shares of the company’s stock worth $299,000 after acquiring an additional 288 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in First Trust RiverFront Dynamic Developed International ETF by 5.4% during the 2nd quarter. DAVENPORT & Co LLC now owns 10,190 shares of the company’s stock worth $743,000 after acquiring an additional 526 shares in the last quarter.

First Trust RiverFront Dynamic Developed International ETF Trading Up 0.1%

NASDAQ:RFDI traded up $0.05 during trading hours on Friday, hitting $82.78. The company’s stock had a trading volume of 12,485 shares, compared to its average volume of 4,035. First Trust RiverFront Dynamic Developed International ETF has a 52-week low of $58.54 and a 52-week high of $83.22. The stock has a market capitalization of $142.38 million, a P/E ratio of 12.09 and a beta of 0.88. The stock has a fifty day moving average of $79.73 and a 200-day moving average of $77.10.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.9961 per share. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.98 annualized dividend and a dividend yield of 4.8%.

About First Trust RiverFront Dynamic Developed International ETF

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.