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

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a decrease of 36.4% from the October 31st total of 1,100 shares. Based on an average daily trading volume, of 4,700 shares, the short-interest ratio is presently 0.1 days.

First Trust RiverFront Dynamic Developed International ETF Trading Up 0.5 %

Shares of NASDAQ RFDI traded up $0.32 during midday trading on Thursday, reaching $63.18. 14,420 shares of the company were exchanged, compared to its average volume of 3,670. The stock has a fifty day simple moving average of $65.28 and a 200 day simple moving average of $65.46. The stock has a market cap of $118.14 million, a P/E ratio of 10.90 and a beta of 0.94. First Trust RiverFront Dynamic Developed International ETF has a 1 year low of $57.73 and a 1 year high of $68.36.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.7571 per share. The ex-dividend date was Thursday, September 26th. This represents a $3.03 dividend on an annualized basis and a yield of 4.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RFDI. Benjamin Edwards Inc. acquired a new position in First Trust RiverFront Dynamic Developed International ETF during the third quarter worth $949,000. Flow Traders U.S. LLC increased its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 889.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 78,617 shares of the company’s stock valued at $5,295,000 after purchasing an additional 70,675 shares in the last quarter. ERn Financial LLC lifted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 2.7% in the third quarter. ERn Financial LLC now owns 13,973 shares of the company’s stock valued at $941,000 after purchasing an additional 364 shares during the period. GAMMA Investing LLC boosted its holdings in First Trust RiverFront Dynamic Developed International ETF by 80.0% during the third quarter. GAMMA Investing LLC now owns 4,578 shares of the company’s stock worth $308,000 after buying an additional 2,034 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust RiverFront Dynamic Developed International ETF by 274.0% during the second quarter. Cetera Investment Advisers now owns 18,625 shares of the company’s stock worth $1,185,000 after buying an additional 13,645 shares during the period.

First Trust RiverFront Dynamic Developed International ETF Company Profile

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.