First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Update

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 443,116 shares, a growth of 99.4% from the December 31st total of 222,230 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,789,880 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,789,880 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY traded down $0.94 during mid-day trading on Friday, hitting $72.27. 1,482,774 shares of the stock were exchanged, compared to its average volume of 1,700,044. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.43. The firm’s 50-day simple moving average is $70.57 and its 200 day simple moving average is $67.50.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1996 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RDVY. Raymond James Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares during the period. Ameriprise Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after purchasing an additional 716,800 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after buying an additional 455,258 shares during the period. UBS Group AG increased its stake in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after buying an additional 254,241 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 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.