Short Interest in FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Drops By 46.5%

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 63,765 shares, a decrease of 46.5% from the July 15th total of 119,103 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 419,553 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 38.8% in the first quarter. Cetera Investment Advisers now owns 701,260 shares of the company’s stock valued at $15,217,000 after acquiring an additional 195,971 shares in the last quarter. Stephens Inc. AR grew its stake in FT Vest SMID Rising Dividend Achievers Target Income ETF by 1.7% in the 1st quarter. Stephens Inc. AR now owns 660,624 shares of the company’s stock worth $14,336,000 after acquiring an additional 11,265 shares during the period. Wealthspire Retirement LLC purchased a new stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF in the first quarter valued at $13,996,000. Royal Bank of Canada grew its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 22.8% in the 1st quarter. Royal Bank of Canada now owns 593,903 shares of the company’s stock valued at $12,887,000 after buying an additional 110,103 shares during the period. Finally, Kestra Advisory Services LLC increased its position in FT Vest SMID Rising Dividend Achievers Target Income ETF by 20.5% during the first quarter. Kestra Advisory Services LLC now owns 522,516 shares of the company’s stock worth $11,339,000 after purchasing an additional 88,903 shares during the last quarter.

FT Vest SMID Rising Dividend Achievers Target Income ETF Price Performance

Shares of FT Vest SMID Rising Dividend Achievers Target Income ETF stock opened at $24.00 on Monday. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 1 year low of $20.55 and a 1 year high of $24.06. The company has a market capitalization of $590.40 million, a P/E ratio of 14.54 and a beta of 1.09. The business has a 50 day moving average price of $23.17 and a 200 day moving average price of $22.75.

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.