First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Update
by Amy Steele · The Cerbat GemFirst Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 269,607 shares, a growth of 27.3% from the November 30th total of 211,832 shares. Based on an average daily volume of 1,400,110 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,400,110 shares, the days-to-cover ratio is presently 0.2 days.
First Trust Rising Dividend Achievers ETF Trading Down 1.0%
NASDAQ:RDVY opened at $69.47 on Thursday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $70.88. The firm has a fifty day simple moving average of $68.40 and a 200-day simple moving average of $66.04. The company has a market capitalization of $18.15 billion, a P/E ratio of 15.46 and a beta of 1.10.
First Trust Rising Dividend Achievers ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1996 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. First Horizon Corp purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $25,000. Compass Financial Services Inc acquired a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth $28,000. Finally, Rise Advisors LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth $31,000.
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.