RFDI Stock Summary and Trading Ideas (First Trust Riverfront Dynamic Developed International ETF | NASDAQ:RFDI)

RFDI is an actively managed exchange-traded fund that seeks to provide capital appreciation. RFDI will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies.In addition to its portfolio securities investments, RFDI also will utilize a dynamic currency hedging strategy through the use of forward foreign currency exchange contracts and currency spot transactions to hedge up to 100% of the RFDIs currency exposure.

First Trust Riverfront Dynamic Developed International ETF trades on the NASDAQ stock market under the symbol RFDI.

As of May 14, 2024, RFDI stock price climbed to $65.25 with 862 million shares trading.

RFDI has a market cap of $128.37 million. This is considered a Micro Cap stock.

In the last 3 years, RFDI stock traded as high as $75.99 and as low as $45.66.

RFDI stock has underperformed the market in the last year with a return of +17.1%, while SPY returned +28.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RFDI shares. However, RFDI has outperformed the market in the last 3 month and 2 week periods, returning +8.5% and +2.8%, while SPY returned +5.8% and +2.1%, respectively. This indicates RFDI has been having a stronger performance recently.

RFDI support price is $64.60 and resistance is $65.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RFDI stock will trade within this expected range on the day.