Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Expands By 68.5%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 347,100 shares, an increase of 68.5% from the February 13th total of 206,000 shares. Based on an average daily trading volume, of 975,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RDVY. Spectrum Wealth Advisory Group LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $12,392,000. D.A. Davidson & CO. boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after acquiring an additional 29,294 shares in the last quarter. Elios Financial Group Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter worth about $6,731,000. Claro Advisors LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares during the period. Finally, ORG Partners LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 2.1 %

Shares of RDVY stock opened at $58.45 on Monday. The stock’s 50-day moving average price is $61.27 and its 200 day moving average price is $60.57. The stock has a market capitalization of $12.75 billion, a PE ratio of 14.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63.

About First Trust NASDAQ Rising Dividend Achievers

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.