Short Interest in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Drops By 50.7%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 73,690 shares, a decline of 50.7% from the June 30th total of 149,621 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 739,604 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the 4th quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after buying an additional 762,029 shares during the period. Arax Advisory Partners purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 4th quarter valued at about $19,131,000. Osaic Holdings Inc. boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 41.4% in the 4th quarter. Osaic Holdings Inc. now owns 2,094,153 shares of the company’s stock valued at $54,955,000 after buying an additional 613,273 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock valued at $77,642,000 after acquiring an additional 414,227 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 15.4% during the first quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock valued at $62,549,000 after acquiring an additional 326,378 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Trading Down 0.5%

BATS:RDVI traded down $0.15 during trading hours on Wednesday, hitting $29.05. The stock had a trading volume of 101,138 shares, compared to its average volume of 644,388. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $24.21 and a 1-year high of $29.47. The business has a 50 day simple moving average of $28.51 and a two-hundred day simple moving average of $27.44. The company has a market cap of $2.40 billion, a PE ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.