Short Interest in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Declines By 26.7%

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 185,700 shares, a decline of 26.7% from the October 31st total of 253,300 shares. Based on an average daily trading volume, of 1,357,800 shares, the short-interest ratio is currently 0.1 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock traded up $0.11 during trading on Friday, hitting $39.95. 895,857 shares of the company traded hands, compared to its average volume of 1,189,256. The company has a 50-day moving average of $37.31 and a 200-day moving average of $35.42. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $29.18 and a 1 year high of $40.60. The firm has a market capitalization of $6.99 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter worth $27,000. Hazlett Burt & Watson Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 2nd quarter worth approximately $28,000. Icon Wealth Advisors LLC purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at approximately $30,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the first quarter valued at approximately $34,000.

About First Trust SMID Cap Rising Dividend Archievers 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.