First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Update

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 7,600 shares, agrowthof2,433.3% from the July 31st total of 300 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

A number of large investors have recently added to or reduced their stakes in RFEM. LPL Financial LLC grew its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 31.3% in the first quarter. LPL Financial LLC now owns 41,122 shares of the company’s stock worth $2,677,000 after purchasing an additional 9,808 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 9.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 45,456 shares of the company’s stock worth $2,959,000 after buying an additional 3,756 shares during the last quarter. NBC Securities Inc. increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 109,900.0% during the first quarter. NBC Securities Inc. now owns 1,100 shares of the company’s stock valued at $71,000 after buying an additional 1,099 shares during the period. GAMMA Investing LLC raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6,267.2% during the first quarter. GAMMA Investing LLC now owns 123,015 shares of the company’s stock valued at $8,007,000 after acquiring an additional 121,083 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the first quarter worth $565,000.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

NASDAQ:RFEM traded down $0.09 during mid-day trading on Tuesday, reaching $73.50. The stock had a trading volume of 19,603 shares, compared to its average volume of 4,666. The stock has a market capitalization of $36.75 million, a P/E ratio of 12.49 and a beta of 0.83. The firm has a 50 day moving average price of $72.51 and a two-hundred day moving average price of $68.31. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $57.44 and a one year high of $74.54.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.2608 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 26th.

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.