First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Short Interest Up 120.0% in October

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,100 shares, an increase of 120.0% from the October 15th total of 500 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is currently 0.2 days.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.3 %

Shares of RFDI traded down $0.18 during trading hours on Wednesday, reaching $62.59. 5,460 shares of the stock traded hands, compared to its average volume of 3,528. The stock has a fifty day simple moving average of $66.08 and a 200 day simple moving average of $65.54. First Trust RiverFront Dynamic Developed International ETF has a 52 week low of $56.57 and a 52 week high of $68.36. The company has a market cap of $117.04 million, a price-to-earnings ratio of 10.90 and a beta of 0.94.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.7571 per share. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Walkner Condon Financial Advisors LLC increased its holdings in First Trust RiverFront Dynamic Developed International ETF by 2.5% during the second quarter. Walkner Condon Financial Advisors LLC now owns 6,257 shares of the company’s stock worth $398,000 after buying an additional 153 shares during the last quarter. ERn Financial LLC increased its holdings in First Trust RiverFront Dynamic Developed International ETF by 2.7% during the third quarter. ERn Financial LLC now owns 13,973 shares of the company’s stock worth $941,000 after buying an additional 364 shares during the last quarter. GAMMA Investing LLC increased its holdings in First Trust RiverFront Dynamic Developed International ETF by 80.0% during the third quarter. GAMMA Investing LLC now owns 4,578 shares of the company’s stock worth $308,000 after buying an additional 2,034 shares during the last quarter. OLD Mission Capital LLC increased its holdings in First Trust RiverFront Dynamic Developed International ETF by 6.6% during the first quarter. OLD Mission Capital LLC now owns 65,259 shares of the company’s stock worth $4,194,000 after buying an additional 4,064 shares during the last quarter. Finally, Strategic Equity Management purchased a new stake in First Trust RiverFront Dynamic Developed International ETF during the second quarter worth about $333,000.

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.