First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 327,500 shares, an increase of 18.1% from the August 31st total of 277,400 shares. Based on an average daily volume of 700,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after acquiring an additional 4,138,153 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 178.5% during the 1st quarter. Cetera Investment Advisers now owns 2,264,096 shares of the company’s stock valued at $127,174,000 after purchasing an additional 1,451,045 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock worth $376,283,000 after purchasing an additional 1,084,117 shares during the period. LPL Financial LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock worth $1,060,656,000 after buying an additional 687,098 shares in the last quarter. Finally, Horizon Advisory Services Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the first quarter worth $27,049,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY stock traded up $0.20 during midday trading on Friday, reaching $58.95. 1,467,454 shares of the company’s stock traded hands, compared to its average volume of 730,669. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $59.38. The company has a 50-day moving average price of $57.13 and a two-hundred day moving average price of $55.71. The firm has a market capitalization of $11.73 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be issued a dividend of $0.1912 per share. The ex-dividend date is Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.30%.

First Trust NASDAQ Rising Dividend Achievers 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.