First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Sees Large Drop in Short Interest

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,829 shares, a decline of 89.7% from the December 31st total of 17,832 shares. Based on an average daily volume of 5,628 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,628 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RFEM. Elevated Capital Advisors LLC purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the fourth quarter worth approximately $47,000. Triad Wealth Partners LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter valued at $472,000. Maia Wealth LLC boosted its stake in shares of 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 buying an additional 2,284 shares during the last quarter. World Investment Advisors grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% in the second quarter. World Investment Advisors now owns 10,378 shares of the company’s stock worth $741,000 after acquiring an additional 606 shares during the period. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 85.7% in the second quarter. Coppell Advisory Solutions LLC now owns 15,115 shares of the company’s stock worth $1,075,000 after acquiring an additional 6,974 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of First Trust RiverFront Dynamic Emerging Markets ETF stock traded up $1.30 during trading on Tuesday, hitting $85.90. 2,665 shares of the company’s stock traded hands, compared to its average volume of 4,804. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $57.44 and a 1 year high of $85.89. The business has a 50-day simple moving average of $79.93 and a 200-day simple moving average of $76.93. The stock has a market capitalization of $60.13 million, a P/E ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

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

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.