Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Declines By 34.4%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 227,700 shares, a decline of 34.4% from the February 28th total of 347,100 shares. Based on an average daily volume of 1,005,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $1.20 on Friday, hitting $58.03. The company had a trading volume of 1,531,740 shares, compared to its average volume of 773,474. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63. The stock has a 50 day moving average of $60.99 and a 200-day moving average of $60.64. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.2544 dividend. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 27th.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of hedge funds have recently bought and sold shares of RDVY. ORG Partners LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% during 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 in the last quarter. Captrust Financial Advisors bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $247,000. SMART Wealth LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 21.4% in the 3rd quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock worth $5,646,000 after buying an additional 16,777 shares during the last quarter. Next Level Private LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 6.2% in the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company’s stock valued at $15,514,000 after acquiring an additional 15,253 shares in the last quarter. Finally, Aspire Capital Advisors LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 3.7% during the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company’s stock worth $12,649,000 after acquiring an additional 7,558 shares during the period.

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.