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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 83,085 shares, a decrease of 57.8% from the July 30th total of 196,874 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,058,584 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Several institutional investors have recently modified their holdings of RDVY. AQR Capital Management LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares during the period. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares during the period. Cerity Partners LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares during the period. Betterment LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.0%

NASDAQ:RDVY opened at $82.41 on Friday. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.75 and a 12-month high of $84.02. The firm has a market capitalization of $25.28 billion, a P/E ratio of 15.46 and a beta of 1.00. The stock’s fifty day simple moving average is $81.09 and its 200-day simple moving average is $75.81.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

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.