First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Sees Significant Decrease in Short Interest

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 600 shares, a decline of 68.4% from the August 31st total of 1,900 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.2 days.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

NASDAQ RFEM opened at $76.86 on Friday. The business’s fifty day moving average is $74.32 and its 200 day moving average is $69.92. The company has a market capitalization of $46.12 million, a PE ratio of 12.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a fifty-two week low of $57.44 and a fifty-two week high of $77.39.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.6574 per share. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26. This represents a $2.63 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Large investors have recently made changes to their positions in the company. NBC Securities Inc. increased its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 109,900.0% in the first quarter. NBC Securities Inc. now owns 1,100 shares of the company’s stock worth $71,000 after purchasing an additional 1,099 shares during the last quarter. Freedom Investment Management Inc. boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% during the first quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock valued at $275,000 after buying an additional 481 shares during the period. Maia Wealth LLC boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 33.6% during the first quarter. Maia Wealth LLC now owns 6,039 shares of the company’s stock valued at $378,000 after buying an additional 1,520 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter valued at approximately $466,000. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 72.8% in the first quarter. Coppell Advisory Solutions LLC now owns 8,141 shares of the company’s stock valued at $531,000 after purchasing an additional 3,429 shares during the period.

About First Trust RiverFront Dynamic Emerging Markets ETF

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.