First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Down 17.6% in December

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 222,230 shares, a drop of 17.6% from the December 15th total of 269,607 shares. Based on an average daily trading volume, of 1,242,911 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,242,911 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Rising Dividend Achievers ETF Trading Down 0.9%

Shares of RDVY stock traded down $0.66 during trading on Tuesday, hitting $71.95. The company’s stock had a trading volume of 484,423 shares, compared to its average volume of 1,672,764. The company has a market cap of $20.03 billion, a PE ratio of 15.46 and a beta of 1.10. The business has a fifty day moving average of $69.53 and a 200-day moving average of $66.99. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.11.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Hedge funds have recently made changes to their positions in the business. Confluence Wealth Services Inc. grew its position in First Trust Rising Dividend Achievers ETF by 1.2% during the third quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock valued at $850,000 after buying an additional 153 shares during the period. Quad Cities Investment Group LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after acquiring an additional 157 shares during the last quarter. Allworth Financial LP boosted its stake in First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after acquiring an additional 159 shares during the last quarter. Howard Bailey Securities LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 3rd quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after acquiring an additional 160 shares during the period. Finally, Insigneo Advisory Services LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after purchasing an additional 163 shares during the last quarter.

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.