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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 463,600 shares, an increase of 241.9% from the December 15th total of 135,600 shares. Based on an average trading volume of 738,400 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at $29,000. Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth $40,000. Eastern Bank acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $57,000. Crewe Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after buying an additional 182 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $104,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.8 %

Shares of NASDAQ:RDVY opened at $61.67 on Thursday. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63. The stock has a market capitalization of $13.25 billion, a P/E ratio of 10.08 and a beta of 1.15. The business has a 50-day moving average price of $61.50 and a two-hundred day moving average price of $59.03.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers 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.