Short Interest in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Declines By 58.6%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 98,458 shares, a decrease of 58.6% from the May 14th total of 237,696 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 563,280 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

Several institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 42.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 252,624 shares of the company’s stock worth $6,629,000 after purchasing an additional 75,674 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 50.5% in the third quarter. Envestnet Asset Management Inc. now owns 923,088 shares of the company’s stock worth $23,862,000 after purchasing an additional 309,852 shares during the period. Savvy Advisors Inc. bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the fourth quarter worth $1,185,000. Apollon Wealth Management LLC increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 114.3% in the fourth quarter. Apollon Wealth Management LLC now owns 36,991 shares of the company’s stock worth $971,000 after purchasing an additional 19,731 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 8.2% in the fourth quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after purchasing an additional 762,029 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

BATS:RDVI opened at $28.36 on Friday. The company has a market cap of $2.34 billion, a P/E ratio of 16.57 and a beta of 1.03. The stock’s fifty day moving average price is $27.27 and its two-hundred day moving average price is $26.82. FT Vest Rising Dividend Achievers Target Income ETF has a 1 year low of $23.93 and a 1 year high of $28.43.

About FT Vest Rising Dividend Achievers Target Income ETF

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.