First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Growth in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 463,600 shares, an increase of 241.9% from the December 15th total of 135,600 shares. Based on an average trading volume of 738,400 shares, the days-to-cover ratio is presently 0.6 days.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY opened at $61.67 on Thursday. The company has a market cap of $13.25 billion, a P/E ratio of 10.08 and a beta of 1.15. The stock has a 50-day moving average of $61.50 and a two-hundred day moving average of $59.03. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Institutional investors have recently bought and sold shares of the company. Spectrum Wealth Advisory Group LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $12,392,000. D.A. Davidson & CO. grew its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after acquiring an additional 29,294 shares in the last quarter. Perennial Investment Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 6.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 324,521 shares of the company’s stock valued at $17,767,000 after acquiring an additional 19,794 shares in the last quarter. Claro Advisors LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 29.3% in the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after acquiring an additional 14,235 shares in the last quarter. Finally, Elios Financial Group Inc. acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at about $6,731,000.

First Trust NASDAQ Rising Dividend Achievers 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.