First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Update

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 7,800 shares, an increase of 69.6% from the February 28th total of 4,600 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Several hedge funds have recently bought and sold shares of RFEM. Baird Financial Group Inc. increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 3.3% during the fourth quarter. Baird Financial Group Inc. now owns 44,063 shares of the company’s stock worth $2,789,000 after purchasing an additional 1,425 shares during the period. Jane Street Group LLC increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 311.2% during the 4th quarter. Jane Street Group LLC now owns 19,273 shares of the company’s stock worth $1,220,000 after buying an additional 14,586 shares during the period. Coppell Advisory Solutions LLC increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 32.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 4,712 shares of the company’s stock worth $299,000 after buying an additional 1,165 shares during the period. Crux Wealth Advisors acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $293,000. Finally, Raymond James Financial Inc. purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at approximately $479,000.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Down 2.0 %

RFEM stock traded down $1.35 during mid-day trading on Friday, hitting $65.21. 1,877 shares of the company were exchanged, compared to its average volume of 2,610. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $58.94 and a 12-month high of $70.20. The firm has a market capitalization of $29.34 million, a P/E ratio of 10.04 and a beta of 0.83. The business has a fifty day simple moving average of $65.25 and a 200-day simple moving average of $65.29.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio.