FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Sees Large Decline in Short Interest

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 51,117 shares, a drop of 75.5% from the September 15th total of 208,693 shares. Based on an average trading volume of 230,488 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On FT Vest SMID Rising Dividend Achievers Target Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in FT Vest SMID Rising Dividend Achievers Target Income ETF by 100.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $52,000 after acquiring an additional 1,200 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF in the second quarter worth about $82,000. Sunbelt Securities Inc. raised its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 80.0% during the first quarter. Sunbelt Securities Inc. now owns 4,500 shares of the company’s stock worth $98,000 after purchasing an additional 2,000 shares during the period. World Investment Advisors acquired a new stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF during the first quarter worth about $203,000. Finally, Arkadios Wealth Advisors raised its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 16.2% during the first quarter. Arkadios Wealth Advisors now owns 11,844 shares of the company’s stock worth $257,000 after purchasing an additional 1,654 shares during the period.

FT Vest SMID Rising Dividend Achievers Target Income ETF Stock Performance

Shares of BATS SDVD opened at $21.95 on Monday. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 52-week low of $20.55 and a 52-week high of $24.06. The stock has a market cap of $539.97 million, a P/E ratio of 14.54 and a beta of 1.09. The firm has a 50 day moving average price of $22.83 and a 200 day moving average price of $22.73.

About FT Vest SMID Rising Dividend Achievers Target Income ETF

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.