First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Sees Significant Decrease in Short Interest
by Jessica Moore · The Cerbat GemFirst Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,233 shares, a decrease of 18.5% from the March 15th total of 1,512 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,874 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. World Investment Advisors boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the fourth quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after acquiring an additional 534 shares during the period. Maia Wealth LLC grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% in the fourth quarter. Maia Wealth LLC now owns 14,334 shares of the company’s stock valued at $1,257,000 after purchasing an additional 1,375 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 8.2% in the fourth quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $2,131,000 after purchasing an additional 2,035 shares during the period. Osaic Holdings Inc. increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% in the fourth quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock worth $1,120,000 after purchasing an additional 13,090 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 27.1% during the 4th quarter. MML Investors Services LLC now owns 16,401 shares of the company’s stock worth $1,299,000 after purchasing an additional 3,500 shares during the last quarter.
First Trust RiverFront Dynamic Emerging Markets ETF Stock Up 1.6%
NASDAQ:RFEM opened at $90.87 on Friday. First Trust RiverFront Dynamic Emerging Markets ETF has a 12 month low of $62.54 and a 12 month high of $91.26. The firm has a market cap of $77.24 million, a price-to-earnings ratio of 12.49 and a beta of 0.73. The company’s 50 day moving average is $85.26 and its 200-day moving average is $81.49.
First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0496 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%.
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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.