First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Down 17.6% in December

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 222,230 shares, a drop of 17.6% from the December 15th total of 269,607 shares. Based on an average daily volume of 1,242,911 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,242,911 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Hedge funds have recently bought and sold shares 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 worth $850,000 after acquiring an additional 153 shares during the period. Quad Cities Investment Group LLC grew its stake in First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after purchasing an additional 157 shares in the last quarter. Allworth Financial LP raised its position in First Trust Rising Dividend Achievers ETF by 0.3% in the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after purchasing an additional 159 shares in the last quarter. Howard Bailey Securities LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 4.6% in the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after buying an additional 160 shares during the period. Finally, Insigneo Advisory Services LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Down 1.8%

First Trust Rising Dividend Achievers ETF stock opened at $71.31 on Wednesday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.11. The company has a market capitalization of $19.85 billion, a P/E ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average is $69.60 and its 200 day moving average is $67.05.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.1996 dividend. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th.

About First Trust Rising Dividend Achievers ETF

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.