Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Declines By 52.0%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 837 shares, a decline of 52.0% from the August 15th total of 1,745 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,044 shares, the short-interest ratio is currently 0.2 days.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of RFDI stock opened at $91.72 on Monday. The firm has a market cap of $166.92 million, a PE ratio of 12.09 and a beta of 0.81. The company has a 50-day moving average of $90.76 and a two-hundred day moving average of $87.33. First Trust RiverFront Dynamic Developed International ETF has a 1-year low of $75.28 and a 1-year high of $93.73.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $1.0702 dividend. The ex-dividend date was Thursday, June 25th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of hedge funds have recently made changes to their positions in RFDI. Claris Financial LLC acquired a new stake in First Trust RiverFront Dynamic Developed International ETF in the 4th quarter valued at approximately $1,357,000. Prospera Financial Services Inc lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 4.3% during the fourth quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after purchasing an additional 5,846 shares in the last quarter. Cetera Investment Advisers lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the first quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after purchasing an additional 29,804 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust RiverFront Dynamic Developed International ETF by 1.6% during the fourth quarter. LPL Financial LLC now owns 20,180 shares of the company’s stock worth $1,625,000 after buying an additional 317 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of First Trust RiverFront Dynamic Developed International ETF by 16.2% during the fourth quarter. Royal Bank of Canada now owns 41,994 shares of the company’s stock worth $3,381,000 after buying an additional 5,845 shares during the period.

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.