Short Interest in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Declines By 14.7%

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 11,000 shares, a drop of 14.7% from the November 30th total of 12,900 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 4.8 days.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

First Trust RiverFront Dynamic Emerging Markets ETF stock remained flat at $63.40 during mid-day trading on Tuesday. The company’s stock had a trading volume of 706 shares, compared to its average volume of 2,064. The stock has a market cap of $28.53 million, a P/E ratio of 7.49 and a beta of 0.83. The firm’s 50-day moving average is $64.86 and its two-hundred day moving average is $65.47. First Trust RiverFront Dynamic Emerging Markets ETF has a 1-year low of $56.19 and a 1-year high of $70.20.

First Trust RiverFront Dynamic Emerging Markets ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $1.2429 dividend. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RFEM. Capasso Planning Partners LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter valued at approximately $471,000. World Investment Advisors LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth approximately $552,000. Hilltop Holdings Inc. boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock valued at $683,000 after acquiring an additional 219 shares during the period. Maia Wealth LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter worth $218,000. Finally, J.W. Cole Advisors Inc. increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% during the third quarter. J.W. Cole Advisors Inc. now owns 26,060 shares of the company’s stock worth $1,776,000 after buying an additional 1,842 shares during the period.

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.