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

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 294,906 shares, a decrease of 33.4% from the January 15th total of 443,116 shares. Based on an average daily volume of 1,596,983 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,596,983 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Huntington National Bank raised its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares in the last quarter. First Horizon Corp purchased a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $25,000. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $26,000. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. Finally, United Community Bank purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $28,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

Shares of NASDAQ RDVY opened at $71.86 on Monday. The firm has a fifty day simple moving average of $71.37 and a two-hundred day simple moving average of $68.18. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.43. The firm has a market capitalization of $20.28 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed 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. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.