First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Sees Significant Drop in Short Interest

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

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

Several institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth approximately $197,000. Western Wealth Management LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF during the first quarter worth about $37,000. Royal Bank of Canada increased its stake in First Trust RiverFront Dynamic Developed International ETF by 7.1% in the 1st quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock worth $3,693,000 after acquiring an additional 2,979 shares during the last quarter. Cetera Investment Advisers increased its stake in First Trust RiverFront Dynamic Developed International ETF by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after acquiring an additional 29,804 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in shares of First Trust RiverFront Dynamic Developed International ETF in the 1st quarter valued at about $230,000.

First Trust RiverFront Dynamic Developed International ETF Price Performance

RFDI opened at $92.83 on Thursday. First Trust RiverFront Dynamic Developed International ETF has a fifty-two week low of $74.64 and a fifty-two week high of $93.30. The firm has a market capitalization of $168.95 million, a PE ratio of 12.09 and a beta of 0.81. The company’s 50-day moving average is $89.60 and its 200 day moving average is $86.94.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently disclosed 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%. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, June 25th.

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.