First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Sees Significant Increase in Short Interest

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 223,400 shares, a growth of 54.0% from the March 31st total of 145,100 shares. Based on an average trading volume of 805,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust Rising Dividend Achievers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Beaumont Financial Advisors LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $2,546,000. Perigon Wealth Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 365.8% in the 4th quarter. Perigon Wealth Management LLC now owns 60,833 shares of the company’s stock valued at $3,143,000 after purchasing an additional 47,774 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $1,665,000. Atria Wealth Solutions Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 494,573 shares of the company’s stock valued at $25,555,000 after purchasing an additional 60,369 shares during the last quarter. Finally, RVW Wealth LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the 4th quarter. RVW Wealth LLC now owns 615,092 shares of the company’s stock valued at $31,782,000 after purchasing an additional 25,894 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock traded down $0.03 during midday trading on Friday, hitting $54.24. The stock had a trading volume of 675,886 shares, compared to its average volume of 798,541. The firm has a market cap of $10.25 billion, a PE ratio of 9.78 and a beta of 0.96. First Trust Rising Dividend Achievers ETF has a 12-month low of $42.42 and a 12-month high of $56.28. The company’s 50-day moving average price is $54.14 and its 200 day moving average price is $50.79.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2238 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.65%.

First Trust Rising Dividend Achievers ETF 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.