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

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 40,207 shares, a decrease of 81.2% from the September 30th total of 213,753 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,111,609 shares, the days-to-cover ratio is presently 0.0 days.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ SDVY traded up $0.57 during midday trading on Thursday, reaching $42.44. 276,104 shares of the company traded hands, compared to its average volume of 1,266,146. The stock has a 50-day moving average price of $42.17 and a 200 day moving average price of $41.89. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.1002 dividend. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. The ex-dividend date was Thursday, September 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Investment Partners LTD. grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the third quarter. Investment Partners LTD. now owns 25,906 shares of the company’s stock worth $1,051,000 after buying an additional 1,540 shares in the last quarter. MGO One Seven LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.2% in the third quarter. MGO One Seven LLC now owns 935,222 shares of the company’s stock valued at $37,951,000 after buying an additional 37,831 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter valued at about $293,000. Partners Wealth Management LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 36.7% in the 3rd quarter. Partners Wealth Management LLC now owns 36,041 shares of the company’s stock valued at $1,463,000 after buying an additional 9,683 shares during the period. Finally, Blueprint Investment Partners LLC lifted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 18.2% in the 3rd quarter. Blueprint Investment Partners LLC now owns 44,552 shares of the company’s stock valued at $1,808,000 after acquiring an additional 6,872 shares in the last quarter.

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.