Short Interest in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Expands By 127.0%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 167,313 shares, an increase of 127.0% from the July 15th total of 73,690 shares. Based on an average daily volume of 899,944 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the fourth quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after acquiring an additional 762,029 shares during the period. Raymond James Financial Inc. raised its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock worth $77,642,000 after purchasing an additional 414,227 shares in the last quarter. Wells Fargo & Company MN raised its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 11.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,928,956 shares of the company’s stock worth $76,856,000 after purchasing an additional 291,563 shares in the last quarter. Royal Bank of Canada lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 13.6% in the first quarter. Royal Bank of Canada now owns 2,478,696 shares of the company’s stock valued at $63,331,000 after purchasing an additional 296,590 shares during the period. Finally, Cetera Investment Advisers lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 15.4% in the first quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock valued at $62,549,000 after purchasing an additional 326,378 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

BATS:RDVI opened at $30.02 on Friday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The firm’s fifty day moving average price is $29.05 and its 200 day moving average price is $27.66. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $24.77 and a 1-year high of $30.08.

About FT Vest Rising Dividend Achievers Target Income ETF

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.