First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sees Significant Increase in Short Interest

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 391,800 shares, a growth of 45.5% from the September 30th total of 269,300 shares. Based on an average daily trading volume, of 1,032,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,032,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDVY. Rossby Financial LCC purchased a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter worth $46,000. Brookstone Capital Management grew its holdings in First Trust Rising Dividend Achievers ETF by 59.6% during the 1st quarter. Brookstone Capital Management now owns 46,488 shares of the company’s stock worth $2,721,000 after acquiring an additional 17,363 shares in the last quarter. Truist Financial Corp grew its holdings in First Trust Rising Dividend Achievers ETF by 15.5% during the 1st quarter. Truist Financial Corp now owns 972,991 shares of the company’s stock worth $56,959,000 after acquiring an additional 130,447 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in First Trust Rising Dividend Achievers ETF by 440.8% during the 1st quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock worth $1,621,000 after acquiring an additional 22,564 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 224.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $67.28 on Monday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.49. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The firm’s fifty day moving average price is $66.67 and its 200 day moving average price is $63.25.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.1487 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 annualized dividend and a yield of 0.9%.

About First Trust Rising Dividend Achievers ETF

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.