First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Update

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 126,007 shares, a growth of 85.7% from the June 15th total of 67,857 shares. Based on an average daily trading volume, of 1,171,290 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF during the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $27,000. Smartleaf Asset Management LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the fourth quarter worth $30,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.6%

NASDAQ:SDVY opened at $43.71 on Friday. The business’s 50-day simple moving average is $42.09 and its two-hundred day simple moving average is $41.25. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $35.03 and a 52 week high of $43.71. The stock has a market cap of $11.54 billion, a PE ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0901 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

About First Trust SMID Cap Rising Dividend Achievers ETF

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.