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. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 401 shares in the last quarter. Maia Wealth LLC raised its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 36.3% in the 4th quarter. Maia Wealth LLC now owns 4,519 shares of the company’s stock worth $284,000 after acquiring an additional 1,203 shares during the last quarter. Crux Wealth Advisors purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $293,000. Coppell Advisory Solutions LLC raised its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 32.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 4,712 shares of the company’s stock worth $299,000 after acquiring 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 3rd quarter worth approximately $471,000.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

First Trust RiverFront Dynamic Emerging Markets ETF stock opened at $67.52 on Tuesday. The stock’s 50 day simple moving average is $64.55 and its two-hundred day simple moving average is $65.19. The stock has a market cap of $30.38 million, a price-to-earnings ratio of 9.79 and a beta of 0.83. 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.

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.