First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Down 18.5% in March

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 1,233 shares, a decrease of 18.5% from the March 15th total of 1,512 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,874 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Elevated Capital Advisors LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $47,000. International Assets Investment Management LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $53,000. MGO One Seven LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $453,000. Finally, Triad Wealth Partners LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $472,000.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

RFEM traded up $1.41 on Friday, reaching $90.87. 2,074 shares of the company’s stock were exchanged, compared to its average volume of 6,538. The company’s 50 day moving average is $85.17 and its 200-day moving average is $81.38. The company has a market cap of $77.24 million, a price-to-earnings ratio of 12.49 and a beta of 0.73. First Trust RiverFront Dynamic Emerging Markets ETF has a twelve month low of $62.54 and a twelve month high of $91.26.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0496 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.