First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sees Significant Drop in Short Interest

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 229,870 shares, a decrease of 22.1% from the January 29th total of 294,906 shares. Based on an average trading volume of 1,662,224 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,662,224 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at about $1,574,000. Assetmark Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 119.2% in the second quarter. Assetmark Inc. now owns 142,115 shares of the company’s stock valued at $8,916,000 after purchasing an additional 77,283 shares during the period. Tradewinds LLC. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth about $521,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth about $750,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY traded up $0.59 during midday trading on Wednesday, hitting $71.72. The stock had a trading volume of 2,190,476 shares, compared to its average volume of 1,656,585. The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The company has a 50 day simple moving average of $71.97 and a two-hundred day simple moving average of $68.88. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

About First Trust Rising Dividend Achievers ETF

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.