Short Interest in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Declines By 17.6%

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 222,230 shares, a decline of 17.6% from the December 15th total of 269,607 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,242,911 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,242,911 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $72.61 on Monday. The stock has a 50-day moving average of $69.44 and a two-hundred day moving average of $66.92. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.11. The stock has a market cap of $20.21 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th. This represents a $0.80 annualized dividend and a yield of 1.1%.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. StoneCrest Wealth Management Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the fourth quarter. StoneCrest Wealth Management Inc. now owns 116,713 shares of the company’s stock worth $8,108,000 after purchasing an additional 10,361 shares during the last quarter. Aspire Capital Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF by 3.3% during the 4th quarter. Aspire Capital Advisors LLC now owns 6,734 shares of the company’s stock worth $468,000 after purchasing an additional 217 shares during the period. Perigon Wealth Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 3.4% during the 4th quarter. Perigon Wealth Management LLC now owns 72,373 shares of the company’s stock valued at $5,028,000 after buying an additional 2,380 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $27,000. Finally, Ellsworth Advisors LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 6.9% in the fourth quarter. Ellsworth Advisors LLC now owns 26,188 shares of the company’s stock worth $1,903,000 after buying an additional 1,700 shares during the last quarter.

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.