Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Decreases By 75.1%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 87,300 shares, a decline of 75.1% from the October 31st total of 350,500 shares. Based on an average daily trading volume, of 673,100 shares, the days-to-cover ratio is currently 0.1 days.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.1 %

Shares of RDVY stock traded down $0.06 on Thursday, hitting $64.06. 607,608 shares of the stock were exchanged, compared to its average volume of 719,267. The firm has a market capitalization of $13.21 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $47.18 and a one year high of $64.63. The firm’s 50 day moving average is $60.56 and its two-hundred day moving average is $57.57.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1912 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after acquiring an additional 953,708 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after buying an additional 1,084,117 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after buying an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after acquiring an additional 596,099 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock worth $175,717,000 after acquiring an additional 159,003 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.