FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Short Interest Down 46.5% in July

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 63,765 shares, a drop of 46.5% from the July 15th total of 119,103 shares. Based on an average trading volume of 419,553 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On FT Vest SMID Rising Dividend Achievers Target Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. Faithward Advisors LLC increased its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 7.3% in the 1st quarter. Faithward Advisors LLC now owns 12,328 shares of the company’s stock valued at $268,000 after buying an additional 834 shares in the last quarter. TrueWealth Advisors LLC raised its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 2.8% during the second quarter. TrueWealth Advisors LLC now owns 36,760 shares of the company’s stock worth $849,000 after purchasing an additional 1,011 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 100.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $52,000 after purchasing an additional 1,200 shares in the last quarter. Arkadios Wealth Advisors grew its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 16.2% in the 1st quarter. Arkadios Wealth Advisors now owns 11,844 shares of the company’s stock valued at $257,000 after purchasing an additional 1,654 shares during the period. Finally, Sunbelt Securities Inc. grew its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 80.0% in the 1st quarter. Sunbelt Securities Inc. now owns 4,500 shares of the company’s stock valued at $98,000 after purchasing an additional 2,000 shares during the period.

FT Vest SMID Rising Dividend Achievers Target Income ETF Price Performance

Shares of BATS:SDVD opened at $24.00 on Friday. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 1 year low of $20.55 and a 1 year high of $24.06. The business’s 50-day moving average is $23.17 and its 200-day moving average is $22.75. The company has a market capitalization of $590.40 million, a price-to-earnings ratio of 14.54 and a beta of 1.09.

FT Vest SMID Rising Dividend Achievers Target Income ETF Company Profile

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.