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 significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, a decline of 36.4% from the October 31st total of 1,100 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

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

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of RFDI stock traded up $0.32 on Thursday, hitting $63.18. 14,420 shares of the stock traded hands, compared to its average volume of 3,670. The company has a market capitalization of $118.14 million, a PE 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. The company’s fifty day moving average is $65.28 and its 200 day moving average is $65.46.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

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

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.