First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Up 19.4% in August

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 3,700 shares, an increase of 19.4% from the August 15th total of 3,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 1.1 days.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

Shares of NASDAQ:RFEM remained flat at $65.68 during trading on Tuesday. 1,046 shares of the stock traded hands, compared to its average volume of 2,037. The business’s 50-day simple moving average is $64.90 and its two-hundred day simple moving average is $63.85. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $51.67 and a 52-week high of $70.20. The stock has a market capitalization of $29.56 million, a P/E ratio of 7.49 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.7304 dividend. The ex-dividend date was Thursday, June 27th. This represents a $2.92 dividend on an annualized basis and a yield of 4.45%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at about $678,000. Raleigh Capital Management Inc. grew its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 22.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,108 shares of the company’s stock valued at $66,000 after purchasing an additional 200 shares during the period. OLD Mission Capital LLC grew its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 11.1% in the first quarter. OLD Mission Capital LLC now owns 97,521 shares of the company’s stock valued at $5,972,000 after purchasing an additional 9,743 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter valued at approximately $62,000.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

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.