Short Interest in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Declines By 58.6%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 98,458 shares, a decline of 58.6% from the May 14th total of 237,696 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 563,280 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

Several large investors have recently bought and sold shares of RDVI. LPL Financial LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the 4th quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after purchasing an additional 762,029 shares during the last quarter. Arax Advisory Partners purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 4th quarter valued at $19,131,000. Osaic Holdings Inc. boosted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 41.4% in the 4th quarter. Osaic Holdings Inc. now owns 2,094,153 shares of the company’s stock valued at $54,955,000 after acquiring an additional 613,273 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 16.0% in the 3rd quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock valued at $77,642,000 after acquiring an additional 414,227 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock valued at $62,549,000 after acquiring an additional 326,378 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 1.1%

BATS:RDVI opened at $28.66 on Friday. The company has a market cap of $2.37 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $23.93 and a twelve month high of $28.68. The company’s 50 day moving average is $27.33 and its two-hundred day moving average is $26.84.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.