First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Decrease in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 206,000 shares, a drop of 28.0% from the January 31st total of 286,000 shares. Based on an average daily volume of 901,100 shares, the short-interest ratio is currently 0.2 days.

First Trust NASDAQ Rising Dividend Achievers Trading Down 1.7 %

Shares of NASDAQ:RDVY traded down $1.05 during midday trading on Tuesday, hitting $59.29. The company had a trading volume of 1,589,284 shares, compared to its average volume of 744,056. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.78 and a 12 month high of $64.63. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The firm has a fifty day simple moving average of $61.41 and a 200 day simple moving average of $60.49.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000.

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.