First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Down 22.5% in February

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 6,200 shares, a decline of 22.5% from the January 31st total of 8,000 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 2.3 days.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 0.3 %

NASDAQ RFEM traded up $0.19 during trading on Thursday, reaching $66.56. 1,029 shares of the company’s stock were exchanged, compared to its average volume of 2,459. First Trust RiverFront Dynamic Emerging Markets ETF has a fifty-two week low of $58.94 and a fifty-two week high of $70.20. The company’s fifty day simple moving average is $64.17 and its 200-day simple moving average is $65.17. The firm has a market capitalization of $29.95 million, a PE ratio of 9.54 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $1.2429 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RFEM. GAMMA Investing LLC lifted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 26.2% in the 4th quarter. GAMMA Investing LLC now owns 1,932 shares of the company’s stock worth $122,000 after buying an additional 401 shares in the last quarter. Maia Wealth LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter worth $218,000. Crux Wealth Advisors purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth $293,000. Coppell Advisory Solutions LLC boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 32.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 4,712 shares of the company’s stock valued at $299,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Capasso Planning Partners LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter valued at about $471,000.

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.