Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Rises By 241.9%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 463,600 shares, a growth of 241.9% from the December 15th total of 135,600 shares. Based on an average trading volume of 738,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $29,000. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000. Eastern Bank acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $57,000. Crewe Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after buying an additional 182 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $104,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.5 %

Shares of RDVY opened at $59.83 on Tuesday. The firm has a market capitalization of $12.86 billion, a PE ratio of 10.08 and a beta of 1.15. The stock’s 50 day moving average is $61.52 and its two-hundred day moving average is $58.97. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $49.60 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.