Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Declines By 14.7%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 395,300 shares, a drop of 14.7% from the December 31st total of 463,600 shares. Based on an average daily volume of 802,400 shares, the days-to-cover ratio is presently 0.5 days.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ RDVY traded down $0.34 during midday trading on Monday, hitting $62.20. 1,086,900 shares of the company’s stock were exchanged, compared to its average volume of 983,281. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63. The firm has a market cap of $13.55 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock’s 50 day moving average price is $61.48 and its 200-day moving average price is $59.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares during the period. International Assets Investment Management LLC raised its position in 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 acquiring an additional 6,687,924 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.9% in the 3rd 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 last quarter. Private Advisor Group LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 11.9% during the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock valued at $108,526,000 after purchasing an additional 195,213 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock worth $99,224,000 after purchasing an additional 35,479 shares during the last quarter.

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.