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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 103,762 shares, a decrease of 47.6% from the February 26th total of 197,978 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,042,256 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after acquiring an additional 12,820 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 1.9% in the second quarter. J.W. Cole Advisors Inc. now owns 87,090 shares of the company’s stock valued at $5,464,000 after purchasing an additional 1,597 shares during the last quarter. Richmond Investment Services LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 51.1% in the second quarter. Richmond Investment Services LLC now owns 31,118 shares of the company’s stock valued at $1,952,000 after purchasing an additional 10,519 shares during the last quarter. Choreo LLC grew its position in First Trust Rising Dividend Achievers ETF by 11.9% during the 2nd quarter. Choreo LLC now owns 11,026 shares of the company’s stock worth $692,000 after purchasing an additional 1,173 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its position in First Trust Rising Dividend Achievers ETF by 8.0% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 65,483 shares of the company’s stock worth $4,108,000 after purchasing an additional 4,848 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $69.27 on Thursday. The stock has a 50-day moving average price of $71.41 and a 200 day moving average price of $69.29. The company has a market capitalization of $19.54 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.54.

First Trust Rising Dividend Achievers ETF 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.