First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Down 22.1% in February

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 229,870 shares, a decrease of 22.1% from the January 29th total of 294,906 shares. Based on an average daily volume of 1,662,224 shares, the days-to-cover ratio is currently 0.1 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 1,662,224 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $72.29 on Monday. The business has a 50-day simple moving average of $71.92 and a 200-day simple moving average of $68.78. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.54. The company has a market cap of $20.40 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th. This represents a $0.80 annualized dividend and a yield of 1.1%.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Confluence Wealth Services Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 1.2% in the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after buying an additional 153 shares during the last quarter. Quad Cities Investment Group LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after acquiring an additional 157 shares during the last quarter. Allworth Financial LP raised its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the 3rd quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after acquiring an additional 159 shares in the last quarter. Howard Bailey Securities LLC lifted its stake in 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 worth $247,000 after purchasing an additional 160 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after purchasing an additional 163 shares in the last quarter.

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.