First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Up 66.9% in April

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 209,900 shares, a growth of 66.9% from the March 31st total of 125,800 shares. Based on an average trading volume of 1,115,800 shares, the days-to-cover ratio is currently 0.2 days.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.1 %

SDVY stock traded up $0.02 during trading on Friday, reaching $33.30. 981,122 shares of the company’s stock were exchanged, compared to its average volume of 1,111,078. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $24.70 and a 1-year high of $34.96. The company’s fifty day moving average price is $33.38 and its 200-day moving average price is $31.46. The firm has a market cap of $4.02 billion, a PE ratio of 7.97 and a beta of 1.15.

First Trust SMID Cap Rising Dividend Achievers ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.1032 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.41 dividend on an annualized basis and a yield of 1.24%.

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 15.8% in the third quarter. LPL Financial LLC now owns 6,870,147 shares of the company’s stock valued at $193,944,000 after buying an additional 935,420 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 81.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,477,768 shares of the company’s stock valued at $146,736,000 after buying an additional 2,009,597 shares during the period. Raymond James & Associates lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.2% in the first quarter. Raymond James & Associates now owns 3,307,225 shares of the company’s stock valued at $115,158,000 after buying an additional 727,612 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 54.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,430,439 shares of the company’s stock valued at $84,628,000 after buying an additional 853,848 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 260.8% in the third quarter. Truist Financial Corp now owns 2,167,156 shares of the company’s stock valued at $61,179,000 after buying an additional 1,566,457 shares during the period.

About First Trust SMID Cap Rising Dividend Achievers ETF

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.