First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Down 14.7% in January

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 395,300 shares, a decline of 14.7% from the December 31st total of 463,600 shares. Based on an average trading volume of 802,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently made changes to their positions in the stock. Spectrum Wealth Advisory Group LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at approximately $12,392,000. D.A. Davidson & CO. boosted its holdings in shares of 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 purchasing an additional 29,294 shares in the last quarter. Claro Advisors LLC increased its stake in shares of 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 purchasing an additional 14,235 shares during the last quarter. Elios Financial Group Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at $6,731,000. Finally, ORG Partners LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% during the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after buying an additional 145,866 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.5 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $0.34 on Monday, hitting $62.20. The stock had a trading volume of 1,086,900 shares, compared to its average volume of 983,281. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The business’s 50 day moving average is $61.48 and its two-hundred day moving average is $59.63. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.24 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.