First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Down 27.6% in January

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 286,000 shares, a decrease of 27.6% from the January 15th total of 395,300 shares. Based on an average daily volume of 873,900 shares, the short-interest ratio is currently 0.3 days.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY traded up $0.39 during trading hours on Friday, reaching $62.64. The company’s stock had a trading volume of 1,183,590 shares, compared to its average volume of 1,010,110. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $51.39 and a one year high of $64.63. The business’s 50-day moving average is $61.18 and its 200-day moving average is $59.97.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $593,242,000. International Assets Investment Management LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during 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. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after buying an additional 980,714 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after buying an additional 650,194 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after purchasing an additional 596,099 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Company Profile

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.