First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Down 67.3% in August

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,745 shares, a drop of 67.3% from the July 30th total of 5,337 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 9,278 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the first quarter worth approximately $37,000. Wells Fargo & Company MN increased 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 valued at $110,000 after purchasing an additional 1,371 shares during the period. Compass Financial Management LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth approximately $197,000. First Trust Advisors LP bought a new position in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth approximately $205,000. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF in the 1st quarter worth approximately $230,000.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of NASDAQ:RFDI traded down $0.10 during mid-day trading on Friday, reaching $92.18. 2,267 shares of the company’s stock were exchanged, compared to its average volume of 4,317. First Trust RiverFront Dynamic Developed International ETF has a twelve month low of $74.64 and a twelve month high of $93.30. The firm has a market capitalization of $167.77 million, a price-to-earnings ratio of 12.09 and a beta of 0.81. The business’s fifty day moving average price is $89.76 and its 200-day moving average price is $87.02.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

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

First Trust RiverFront Dynamic Developed International ETF Company Profile

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.