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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 443,116 shares, a growth of 99.4% from the December 31st total of 222,230 shares. Based on an average trading volume of 1,789,880 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,789,880 shares, the short-interest ratio is presently 0.2 days.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock traded down $0.94 on Friday, hitting $72.27. 1,482,774 shares of the company traded hands, compared to its average volume of 1,700,044. The stock has a market capitalization of $20.33 billion, a P/E ratio of 15.46 and a beta of 1.10. The business has a 50-day simple moving average of $70.57 and a 200 day simple moving average of $67.50. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.43.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

Institutional Trading of First Trust Rising Dividend Achievers ETF

A number of large investors have recently modified their holdings of RDVY. Harel Insurance Investments & Financial Services Ltd. grew its holdings in First Trust Rising Dividend Achievers ETF by 15.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock valued at $5,381,000 after purchasing an additional 11,000 shares during the period. BankPlus Wealth Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 35.6% during the third quarter. BankPlus Wealth Management LLC now owns 37,597 shares of the company’s stock worth $2,529,000 after buying an additional 9,866 shares in the last quarter. Forefront Wealth Partners LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter worth $2,859,000. Total Clarity Wealth Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.0% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 102,900 shares of the company’s stock worth $6,456,000 after acquiring an additional 5,787 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 185.4% during the third quarter. DHJJ Financial Advisors Ltd. now owns 48,353 shares of the company’s stock valued at $3,252,000 after purchasing an additional 31,411 shares in the last quarter.

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.