Short Interest in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Expands By 405.7%

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 17,832 shares, a growth of 405.7% from the December 15th total of 3,526 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 9,159 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 9,159 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.7% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently made changes to their positions in RFEM. Farther Finance Advisors LLC purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the second quarter valued at about $466,000. Maia Wealth LLC boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 37.8% in the 2nd quarter. Maia Wealth LLC now owns 8,323 shares of the company’s stock worth $595,000 after purchasing an additional 2,284 shares during the period. World Investment Advisors grew its position in First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% during the 2nd quarter. World Investment Advisors now owns 10,378 shares of the company’s stock worth $741,000 after purchasing an additional 606 shares in the last quarter. Coppell Advisory Solutions LLC grew its position in First Trust RiverFront Dynamic Emerging Markets ETF by 85.7% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 15,115 shares of the company’s stock worth $1,075,000 after purchasing an additional 6,974 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% during the 2nd quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock valued at $1,155,000 after purchasing an additional 9,002 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

NASDAQ:RFEM opened at $82.96 on Tuesday. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $57.44 and a 12-month high of $82.96. The business has a 50 day simple moving average of $78.76 and a 200 day simple moving average of $76.01. The firm has a market capitalization of $53.92 million, a P/E ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.6469 dividend. This represents a $2.59 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 12th.

About First Trust RiverFront Dynamic Emerging Markets ETF

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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.