First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Short Interest Up 69.6% in March

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 7,800 shares, a growth of 69.6% from the February 28th total of 4,600 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 2.3 days. Currently, 1.7% of the company’s stock are sold short.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of NASDAQ RFEM traded down $1.35 during mid-day trading on Friday, reaching $65.21. 1,877 shares of the company’s stock traded hands, compared to its average volume of 2,610. The business has a 50-day simple moving average of $65.25 and a 200 day simple moving average of $65.30. The stock has a market cap of $29.34 million, a P/E ratio of 10.04 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a 1-year low of $58.94 and a 1-year high of $70.20.

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 the stock. Jane Street Group LLC lifted 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 purchasing an additional 14,586 shares in the last quarter. World Investment Advisors LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 3rd quarter valued at $552,000. Raymond James Financial Inc. purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth $479,000. Capasso Planning Partners LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth $471,000. Finally, Crux Wealth Advisors purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the fourth quarter valued at about $293,000.

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.