First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Down 25.6% in February

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 155,600 shares, a decrease of 25.6% from the February 13th total of 209,200 shares. Based on an average daily volume of 1,797,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

SDVY stock traded up $0.81 during mid-day trading on Friday, reaching $33.30. 2,029,737 shares of the company’s stock were exchanged, compared to its average volume of 1,911,635. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $32.22 and a 12-month high of $40.60. The stock’s 50 day moving average is $36.14 and its 200 day moving average is $36.61. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 13.44 and a beta of 1.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SDVY. Keystone Financial Services LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $574,000. Centaurus Financial Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $110,000. Arcadia Wealth Management Inc. acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth about $1,042,000. Park Square Financial Group LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at about $31,000. Finally, LM Advisors LLC boosted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 114.4% in the 4th quarter. LM Advisors LLC now owns 21,180 shares of the company’s stock worth $760,000 after buying an additional 11,300 shares during the last quarter.

About First Trust SMID Cap Rising Dividend Archievers ETF

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.