FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Sees Large Decline in Short Interest

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 90,473 shares, a decrease of 40.4% from the August 31st total of 151,926 shares. Based on an average daily trading volume, of 1,445,276 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

FT Vest Rising Dividend Achievers Target Income ETF Trading Down 0.5%

FT Vest Rising Dividend Achievers Target Income ETF stock opened at $27.88 on Thursday. The firm has a market capitalization of $2.30 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $24.77 and a 1-year high of $30.08. The firm’s 50 day simple moving average is $29.04 and its 200 day simple moving average is $28.09.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 31.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 32,514 shares of the company’s stock valued at $956,000 after purchasing an additional 7,713 shares in the last quarter. Bullseye Investment Management LLC bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at approximately $17,907,000. Smith Chas P & Associates PA Cpas bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter valued at $220,000. Capital Analysts LLC raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 7.3% during the second quarter. Capital Analysts LLC now owns 97,070 shares of the company’s stock valued at $2,854,000 after acquiring an additional 6,567 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 1.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 349,706 shares of the company’s stock worth $10,281,000 after purchasing an additional 3,294 shares during the period.

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.