First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Update

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

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of RFEM stock remained flat at $63.40 during trading hours on Tuesday. 706 shares of the stock were exchanged, compared to its average volume of 2,064. The stock has a 50 day simple moving average of $64.86 and a two-hundred day simple moving average of $65.47. The firm has a market capitalization of $28.53 million, a price-to-earnings ratio of 7.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $56.19 and a one year high of $70.20.

First Trust RiverFront Dynamic Emerging Markets ETF Dividend Announcement

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

Hedge Funds Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilltop Holdings Inc. boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% during the third quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock valued at $683,000 after buying an additional 219 shares during the period. GAMMA Investing LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 61.8% during the third quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock valued at $104,000 after purchasing an additional 585 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% in the third quarter. J.W. Cole Advisors Inc. now owns 26,060 shares of the company’s stock worth $1,776,000 after purchasing an additional 1,842 shares during the last quarter. Maia Wealth LLC purchased a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter valued at about $218,000. Finally, Capasso Planning Partners LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth approximately $471,000.

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.