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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,800 shares, a growth of 141.7% from the March 15th total of 2,400 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 0.5 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of First Trust RiverFront Dynamic Developed International ETF stock traded up $1.61 during trading on Tuesday, reaching $65.40. 2,868 shares of the company traded hands, compared to its average volume of 6,306. The firm has a market capitalization of $105.95 million, a PE ratio of 12.75 and a beta of 0.94. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $58.54 and a 1-year high of $68.45. The company has a 50 day moving average price of $65.65 and a 200-day moving average price of $64.39.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2993 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.83%.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in First Trust RiverFront Dynamic Developed International ETF by 6,035.0% in the first quarter. GAMMA Investing LLC now owns 333,131 shares of the company’s stock valued at $22,147,000 after acquiring an additional 327,701 shares during the period. Cetera Investment Advisers raised its holdings in First Trust RiverFront Dynamic Developed International ETF by 46.0% during the fourth quarter. Cetera Investment Advisers now owns 51,388 shares of the company’s stock worth $3,158,000 after buying an additional 16,202 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 143.3% in the fourth quarter. Jane Street Group LLC now owns 24,200 shares of the company’s stock valued at $1,487,000 after buying an additional 14,253 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 4.9% in the 4th quarter. Baird Financial Group Inc. now owns 15,283 shares of the company’s stock worth $939,000 after acquiring an additional 707 shares during the last quarter. Finally, ERn Financial LLC lifted its position in First Trust RiverFront Dynamic Developed International ETF by 3.8% in the 4th quarter. ERn Financial LLC now owns 14,497 shares of the company’s stock valued at $891,000 after acquiring an additional 524 shares in 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.