First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sees Large Decline in Short Interest

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYGet Rating) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 14,000 shares, a decrease of 89.3% from the April 15th total of 131,300 shares. Based on an average daily volume of 1,607,500 shares, the short-interest ratio is presently 0.0 days.

NASDAQ:RDVY traded down $0.15 on Thursday, reaching $43.88. The stock had a trading volume of 24,304 shares, compared to its average volume of 1,803,315. The company has a 50-day moving average of $47.80 and a 200 day moving average of $49.70. First Trust Rising Dividend Achievers ETF has a 12-month low of $43.95 and a 12-month high of $53.21.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were given a $0.154 dividend. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.62 dividend on an annualized basis and a yield of 1.40%.

Large investors have recently bought and sold shares of the business. Concourse Financial Group Securities Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 1.6% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 43,519 shares of the company’s stock valued at $2,254,000 after buying an additional 682 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 734.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 426,066 shares of the company’s stock valued at $22,066,000 after buying an additional 374,994 shares during the last quarter. LVZ Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $325,000. LPL Financial LLC boosted its position in First Trust Rising Dividend Achievers ETF by 26.3% in the 3rd quarter. LPL Financial LLC now owns 8,330,984 shares of the company’s stock valued at $395,472,000 after buying an additional 1,735,700 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in First Trust Rising Dividend Achievers ETF by 20.2% in the 4th quarter. D.A. Davidson & CO. now owns 222,514 shares of the company’s stock valued at $11,524,000 after buying an additional 37,345 shares during the last quarter.

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