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 increase in short interest in March. As of March 31st, there was short interest totalling 5,800 shares, an increase of 141.7% from the March 15th total of 2,400 shares. Approximately 0.4% of the company’s stock 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 Trading Up 2.5 %

Shares of RFDI traded up $1.61 during trading hours on Tuesday, reaching $65.40. 2,868 shares of the stock traded hands, compared to its average volume of 6,306. First Trust RiverFront Dynamic Developed International ETF has a 52 week low of $58.54 and a 52 week high of $68.45. The stock has a fifty day simple moving average of $65.65 and a 200 day simple moving average of $64.39. The company has a market cap of $105.95 million, a price-to-earnings ratio of 12.75 and a beta of 0.94.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

Several institutional investors have recently added to or reduced their stakes in RFDI. GAMMA Investing LLC increased its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 6,035.0% during the 1st quarter. GAMMA Investing LLC now owns 333,131 shares of the company’s stock worth $22,147,000 after purchasing an additional 327,701 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 46.0% in the fourth quarter. Cetera Investment Advisers now owns 51,388 shares of the company’s stock valued at $3,158,000 after buying an additional 16,202 shares during the period. Jane Street Group LLC lifted its position in shares of First Trust RiverFront Dynamic Developed International ETF by 143.3% during the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust RiverFront Dynamic Developed International ETF in the 4th quarter valued at about $733,000. Finally, NBC Securities Inc. lifted its holdings in First Trust RiverFront Dynamic Developed International ETF by 109,080.0% during the first quarter. NBC Securities Inc. now owns 5,459 shares of the company’s stock valued at $362,000 after purchasing an additional 5,454 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.