First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Update

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 391,800 shares, an increase of 45.5% from the September 30th total of 269,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,032,500 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,032,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of First Trust Rising Dividend Achievers ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Confluence Wealth Services Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 1.2% during the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after purchasing an additional 153 shares during the period. Howard Bailey Securities LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after purchasing an additional 160 shares during the period. WealthCare Investment Partners LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after purchasing an additional 161 shares during the period. Raleigh Capital Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 165 shares during the period. Finally, Centerpoint Advisory Group grew its position in First Trust Rising Dividend Achievers ETF by 0.5% in the second quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock valued at $2,107,000 after acquiring an additional 172 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 0.5%

RDVY opened at $66.98 on Wednesday. The stock has a market cap of $17.48 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49. The stock’s 50 day simple moving average is $66.72 and its 200-day simple moving average is $63.43.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%.

First Trust Rising Dividend Achievers ETF Company Profile

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.