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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 331,600 shares, a growth of 45.6% from the March 15th total of 227,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,143,700 shares, the days-to-cover ratio is presently 0.3 days.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock opened at $54.65 on Friday. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 13.97 and a beta of 1.15. The business has a fifty day moving average price of $58.44 and a 200 day moving average price of $60.28.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2544 per share. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.86%.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wolf Group Capital Advisors increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 14.3% during the first quarter. Wolf Group Capital Advisors now owns 91,026 shares of the company’s stock worth $5,329,000 after buying an additional 11,367 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 129,850 shares of the company’s stock valued at $7,601,000 after acquiring an additional 9,689 shares during the period. DHJJ Financial Advisors Ltd. increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 6.0% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 13,251 shares of the company’s stock worth $776,000 after purchasing an additional 751 shares during the last quarter. San Luis Wealth Advisors LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.7% in the 1st quarter. San Luis Wealth Advisors LLC now owns 143,956 shares of the company’s stock valued at $8,427,000 after purchasing an additional 82,889 shares during the period. Finally, Wagner Wealth Management LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.3% in the 1st quarter. Wagner Wealth Management LLC now owns 173,836 shares of the company’s stock valued at $10,176,000 after purchasing an additional 7,180 shares during the last quarter.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.