First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Update

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 800 shares, a growth of 166.7% from the July 15th total of 300 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 0.3 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of NASDAQ:RFDI opened at $63.96 on Tuesday. The company has a market capitalization of $119.60 million, a PE ratio of 10.90 and a beta of 0.94. The business has a fifty day moving average price of $64.87 and a two-hundred day moving average price of $63.85. First Trust RiverFront Dynamic Developed International ETF has a 1 year low of $52.98 and a 1 year high of $66.61.

First Trust RiverFront Dynamic Developed International ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $1.0372 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $4.15 dividend on an annualized basis and a yield of 6.49%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter valued at $162,000. Raleigh Capital Management Inc. grew its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 23.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 4,064 shares of the company’s stock worth $249,000 after acquiring an additional 777 shares during the period. Strategic Equity Management bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth $333,000. International Assets Investment Management LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth $369,000. Finally, Walkner Condon Financial Advisors LLC grew its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 2.5% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 6,257 shares of the company’s stock worth $398,000 after acquiring an additional 153 shares during the period.

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.