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

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 4,600 shares, a decline of 25.8% from the February 13th total of 6,200 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 1.4 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RFEM. Baird Financial Group Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3.3% in the fourth quarter. Baird Financial Group Inc. now owns 44,063 shares of the company’s stock valued at $2,789,000 after acquiring an additional 1,425 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 9.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 41,700 shares of the company’s stock valued at $2,639,000 after acquiring an additional 3,691 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 26,387 shares of the company’s stock valued at $1,670,000 after acquiring an additional 327 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 311.2% in the fourth quarter. Jane Street Group LLC now owns 19,273 shares of the company’s stock valued at $1,220,000 after acquiring an additional 14,586 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% in the third quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock valued at $683,000 after acquiring an additional 219 shares in the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of First Trust RiverFront Dynamic Emerging Markets ETF stock opened at $67.52 on Tuesday. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $58.94 and a one year high of $70.20. The firm has a market capitalization of $30.38 million, a price-to-earnings ratio of 9.79 and a beta of 0.83. The business has a 50-day simple moving average of $64.55 and a 200 day simple moving average of $65.19.

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.