First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Stock Short Interest Declines 81.2%

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 40,207 shares, a decline of 81.2% from the September 30th total of 213,753 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,111,609 shares, the short-interest ratio is currently 0.0 days.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

NASDAQ SDVY opened at $42.23 on Tuesday. The company has a market cap of $11.14 billion, a P/E ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $36.40 and a 12 month high of $45.11. The company has a 50-day moving average of $42.32 and a 200-day moving average of $41.85.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1002 per share. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901. This represents a $0.40 annualized dividend and a yield of 0.9%.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after purchasing an additional 564,137 shares during the period. Cetera Investment Advisers grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after buying an additional 227,423 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% during the 1st quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock worth $263,034,000 after buying an additional 322,622 shares during the last quarter. Capital Investment Advisors LLC increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 2.6% in the third quarter. Capital Investment Advisors LLC now owns 4,853,868 shares of the company’s stock worth $196,970,000 after buying an additional 123,083 shares during the period. Finally, Park National Corp OH increased its position in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock worth $145,475,000 after buying an additional 54,366 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

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.