First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Sees Large Growth in Short Interest

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant growth in short interest during the month of 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 trading volume of 4,962 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s shares are short sold.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of RFDI opened at $92.34 on Tuesday. The stock’s 50-day moving average is $88.91 and its two-hundred day moving average is $86.61. The stock has a market cap of $168.06 million, a PE ratio of 12.09 and a beta of 0.81. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $74.64 and a 12 month high of $93.03.

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 dividend of $1.0702 per share. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.28 annualized dividend and a yield of 4.6%.

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 RFDI. Prospera Financial Services Inc lifted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 4.3% in the fourth quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after acquiring an additional 5,846 shares in the last quarter. Claris Financial LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter valued at about $1,357,000. Cetera Investment Advisers grew its stake in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after purchasing an additional 29,804 shares in the last quarter. Western Wealth Management LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the 1st quarter valued at approximately $37,000. Finally, Royal Bank of Canada increased its holdings in First Trust RiverFront Dynamic Developed International ETF by 7.1% during the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock worth $3,693,000 after purchasing an additional 2,979 shares during the last quarter.

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.