First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Down 57.8% in August

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 83,085 shares, a decrease of 57.8% from the July 30th total of 196,874 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,058,584 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Rising Dividend Achievers ETF Stock Down 0.4%

NASDAQ RDVY traded down $0.35 during trading hours on Friday, reaching $82.06. 996,250 shares of the company were exchanged, compared to its average volume of 1,323,346. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.75 and a 1 year high of $84.02. The business’s 50 day simple moving average is $81.15 and its 200-day simple moving average is $75.85. The stock has a market capitalization of $25.17 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Several large investors have recently modified their holdings of the stock. Huntington National Bank grew its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the period. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $28,000. Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at $29,000. Anchor Investment Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $34,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $36,000.

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.