First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Down 83.3% in September

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 72,100 shares, a drop of 83.3% from the September 15th total of 430,800 shares. Based on an average daily trading volume, of 829,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional investors have recently bought and sold shares of the company. Mutual Advisors LLC raised its position in First Trust Rising Dividend Achievers ETF by 8.0% in the 1st quarter. Mutual Advisors LLC now owns 5,844 shares of the company’s stock worth $266,000 after purchasing an additional 435 shares during the period. Jackson Wealth Management LLC raised its position in First Trust Rising Dividend Achievers ETF by 5.3% in the 2nd quarter. Jackson Wealth Management LLC now owns 9,438 shares of the company’s stock worth $453,000 after purchasing an additional 474 shares during the period. Capital Investment Advisory Services LLC raised its position in First Trust Rising Dividend Achievers ETF by 8.2% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 7,707 shares of the company’s stock worth $370,000 after purchasing an additional 585 shares during the period. Wagner Wealth Management LLC raised its position in First Trust Rising Dividend Achievers ETF by 10.1% in the 1st quarter. Wagner Wealth Management LLC now owns 6,507 shares of the company’s stock worth $296,000 after purchasing an additional 595 shares during the period. Finally, Creative Financial Designs Inc. ADV purchased a new position in First Trust Rising Dividend Achievers ETF in the 2nd quarter worth $29,000.

First Trust Rising Dividend Achievers ETF stock opened at $48.44 on Thursday. The firm’s fifty day moving average price is $48.71 and its 200-day moving average price is $48.13. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $31.79 and a fifty-two week high of $50.05.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Friday, September 24th were given a dividend of $0.131 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, September 23rd.

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