Short Interest in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Declines By 57.8%

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 83,085 shares, a decline of 57.8% from the July 30th total of 196,874 shares. Based on an average daily volume of 1,058,584 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares during the period. Cerity Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares during the period. Betterment LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

RDVY stock traded down $0.35 during midday trading on Friday, reaching $82.06. The stock had a trading volume of 996,250 shares, compared to its average volume of 1,323,346. The company’s fifty day simple moving average is $81.15 and its 200 day simple moving average is $75.85. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52-week low of $64.75 and a 52-week high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%.

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.