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

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 7,800 shares, a growth of 69.6% from the February 28th total of 4,600 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is presently 2.3 days. Approximately 1.7% of the shares of the company are short sold.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

NASDAQ:RFEM traded down $0.77 on Monday, reaching $64.45. 520 shares of the company’s stock were exchanged, compared to its average volume of 2,609. The stock has a fifty day simple moving average of $65.25 and a 200-day simple moving average of $65.30. First Trust RiverFront Dynamic Emerging Markets ETF has a 52 week low of $58.94 and a 52 week high of $70.20. The firm has a market cap of $29.00 million, a price-to-earnings ratio of 10.04 and a beta of 0.83.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,932 shares of the company’s stock valued at $122,000 after purchasing an additional 401 shares in the last quarter. Maia Wealth LLC increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 36.3% during the 4th quarter. Maia Wealth LLC now owns 4,519 shares of the company’s stock worth $284,000 after acquiring an additional 1,203 shares during the period. Crux Wealth Advisors purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $293,000. Coppell Advisory Solutions LLC boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 32.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 4,712 shares of the company’s stock valued at $299,000 after purchasing an additional 1,165 shares during the period. Finally, Capasso Planning Partners LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter worth $471,000.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

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.