First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Up 87.3% in July

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,337 shares, an increase of 87.3% from the July 15th total of 2,849 shares. Based on an average daily volume of 4,962 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of large investors have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the 1st quarter valued at approximately $37,000. Wells Fargo & Company MN grew its position in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock worth $110,000 after purchasing an additional 1,371 shares in the last quarter. Elevated Capital Advisors LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at $111,000. Compass Financial Management LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at $197,000. Finally, First Trust Advisors LP purchased a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the fourth quarter valued at $205,000.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

RFDI traded up $0.11 during trading on Friday, reaching $92.72. The company had a trading volume of 5,922 shares, compared to its average volume of 4,307. The firm’s 50-day simple moving average is $88.78 and its 200 day simple moving average is $86.55. The company has a market cap of $168.75 million, a price-to-earnings ratio of 12.09 and a beta of 0.81. First Trust RiverFront Dynamic Developed International ETF has a 12-month low of $74.64 and a 12-month high of $93.01.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $1.0702 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. This represents a $4.28 annualized dividend and a dividend yield of 4.6%.

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. RFDI was launched on Apr 13, 2016 and is managed by First Trust.