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 significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,295 shares, a growth of 25.5% from the January 15th total of 1,829 shares. Based on an average daily volume of 4,306 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 4,306 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 8.2% during the fourth quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $2,131,000 after buying an additional 2,035 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% during the fourth quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock worth $1,120,000 after acquiring an additional 13,090 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 27.1% in the 4th quarter. MML Investors Services LLC now owns 16,401 shares of the company’s stock worth $1,299,000 after acquiring an additional 3,500 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% in the 4th quarter. Wells Fargo & Company MN now owns 8,559 shares of the company’s stock worth $678,000 after acquiring an additional 8,307 shares during the last quarter. Finally, Wagner Wealth Management Corp bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at about $453,000.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of First Trust RiverFront Dynamic Emerging Markets ETF stock opened at $87.36 on Wednesday. The business has a 50-day simple moving average of $82.41 and a 200 day simple moving average of $78.41. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $57.44 and a one year high of $88.62. The firm has a market capitalization of $61.15 million, a price-to-earnings ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.6469 per share. This represents a $2.59 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, December 12th.

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