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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 391,800 shares, a growth of 45.5% from the September 30th total of 269,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,032,500 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 1,032,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Hedge funds have recently made changes to their positions in the stock. Rossby Financial LCC purchased a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at $46,000. Brookstone Capital Management lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 59.6% during the first quarter. Brookstone Capital Management now owns 46,488 shares of the company’s stock valued at $2,721,000 after buying an additional 17,363 shares during the period. Truist Financial Corp lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 15.5% during the first quarter. Truist Financial Corp now owns 972,991 shares of the company’s stock valued at $56,959,000 after buying an additional 130,447 shares during the period. Bank of New York Mellon Corp increased its position in First Trust Rising Dividend Achievers ETF by 440.8% during the first quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock worth $1,621,000 after purchasing an additional 22,564 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 224.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.0%

RDVY stock opened at $67.29 on Tuesday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.49. The company’s 50-day simple moving average is $66.70 and its 200-day simple moving average is $63.34. The firm has a market cap of $17.56 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.1487 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%.

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.