Short Interest in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Increases By 37.5%

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDIGet Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,100 shares, a growth of 37.5% from the March 15th total of 800 shares. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 0.1 days.

A number of hedge funds have recently added to or reduced their stakes in the business. Tyler Stone Wealth Management bought a new position in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth about $31,000. Wells Fargo & Company MN boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 1,490.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,281 shares of the company’s stock worth $460,000 after buying an additional 5,886 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth about $374,000. Cetera Investment Advisers acquired a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth about $675,000. Finally, LPL Financial LLC boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 19,757 shares of the company’s stock worth $1,445,000 after buying an additional 326 shares during the last quarter.

NASDAQ:RFDI traded down $0.43 during trading hours on Tuesday, hitting $63.37. 300 shares of the stock were exchanged, compared to its average volume of 9,802. The company’s 50 day moving average is $64.87 and its two-hundred day moving average is $69.13. First Trust RiverFront Dynamic Developed International ETF has a twelve month low of $57.66 and a twelve month high of $75.99.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were given a $0.276 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, March 25th.

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