First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Down 56.6% in June

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 67,857 shares, a decline of 56.6% from the May 31st total of 156,290 shares. Based on an average trading volume of 1,247,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of large investors have recently modified their holdings of SDVY. Capital Advantage Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the 4th quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after purchasing an additional 22,276 shares during the period. Econ Financial Services Corp lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock worth $6,887,000 after buying an additional 37,184 shares during the period. Pinnacle Associates Ltd. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after acquiring an additional 66,370 shares in the last quarter. CWM LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after acquiring an additional 30,845 shares during the period. Finally, Arvest Investments Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after acquiring an additional 25,490 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY traded up $0.17 during trading on Wednesday, reaching $43.31. The stock had a trading volume of 1,088,621 shares, compared to its average volume of 1,515,039. The stock has a market cap of $11.21 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $35.03 and a one year high of $43.63. The business has a 50-day moving average of $41.89 and a 200-day moving average of $40.92.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.