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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 206,000 shares, a decline of 28.0% from the January 31st total of 286,000 shares. Based on an average trading volume of 901,100 shares, the days-to-cover ratio is currently 0.2 days.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY traded down $1.05 during trading on Tuesday, reaching $59.29. 1,589,284 shares of the company’s stock were exchanged, compared to its average volume of 744,056. The business has a 50 day moving average price of $61.41 and a 200-day moving average price of $60.49. The stock has a market capitalization of $12.93 billion, a P/E ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently made changes to their positions in RDVY. Spectrum Wealth Advisory Group LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the third quarter worth $12,392,000. D.A. Davidson & CO. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third 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 during the period. Elios Financial Group Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $6,731,000. Claro Advisors LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the third 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 during the last quarter. Finally, ORG Partners LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after acquiring an additional 145,866 shares during the last quarter.

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.