First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sees Large Drop in Short Interest

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 67,857 shares, a decrease of 56.6% from the May 31st total of 156,290 shares. Based on an average trading volume of 1,247,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the 4th quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock valued at $540,514,000 after buying an additional 1,261,249 shares during the last quarter. LPL Financial LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after acquiring an additional 1,135,800 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock valued at $41,002,000 after acquiring an additional 1,032,576 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4,508.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 806,331 shares of the company’s stock valued at $30,899,000 after acquiring an additional 788,833 shares in the last quarter. Finally, Decker Wealth Management LLC acquired a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the first quarter valued at $24,789,000.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY opened at $43.08 on Monday. The stock’s 50-day simple moving average is $41.84 and its 200-day simple moving average is $40.86. The firm has a market capitalization of $11.15 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $35.03 and a fifty-two week high of $43.44.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.0901 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, June 25th.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.