First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Growth in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 267,600 shares, a growth of 17.5% from the June 30th total of 227,700 shares. Based on an average daily volume of 1,001,500 shares, the days-to-cover ratio is currently 0.3 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Up 1.8 %

Shares of SDVY traded up $0.64 during midday trading on Friday, reaching $36.39. 1,910,213 shares of the stock were exchanged, compared to its average volume of 1,081,955. The stock’s 50 day simple moving average is $33.96 and its 200 day simple moving average is $33.41. The company has a market cap of $5.31 billion, a P/E ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $26.40 and a twelve month high of $36.44.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.1503 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 1.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SDVY. Waterfront Wealth Inc. bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at approximately $214,000. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $933,000. Private Advisor Group LLC raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 43.6% during the fourth quarter. Private Advisor Group LLC now owns 697,464 shares of the company’s stock worth $22,856,000 after acquiring an additional 211,827 shares during the last quarter. Arvest Investments Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at approximately $5,578,000. Finally, Osaic Holdings Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% in the first quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after acquiring an additional 125,091 shares during the last quarter.

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.