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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 9,434 shares, a growth of 102.8% from the April 30th total of 4,653 shares. Based on an average daily volume of 2,986 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 5.6% in the third quarter. Prospera Financial Services Inc now owns 137,127 shares of the company’s stock worth $10,520,000 after buying an additional 7,247 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter worth approximately $111,000. Cerity Partners LLC boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 3.3% in the fourth quarter. Cerity Partners LLC now owns 19,893 shares of the company’s stock worth $1,602,000 after buying an additional 638 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 49.5% in the third quarter. Orion Porfolio Solutions LLC now owns 11,470 shares of the company’s stock worth $880,000 after buying an additional 3,798 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter worth approximately $205,000.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of NASDAQ RFDI opened at $86.30 on Wednesday. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $71.48 and a 12 month high of $89.25. The firm has a market capitalization of $152.75 million, a price-to-earnings ratio of 12.09 and a beta of 0.83. The business has a 50-day moving average of $85.07 and a 200-day moving average of $83.35.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.3485 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.39 annualized dividend and a dividend yield of 1.6%.

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.