First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Up 26.8% in April

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 340,000 shares, an increase of 26.8% from the March 31st total of 268,100 shares. Based on an average daily volume of 888,600 shares, the short-interest ratio is presently 0.4 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in RDVY. Park National Corp OH grew its stake in shares of First Trust Rising Dividend Achievers ETF by 82.0% in the fourth quarter. Park National Corp OH now owns 46,938 shares of the company’s stock worth $1,874,000 after purchasing an additional 21,146 shares during the last quarter. RVW Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 1.7% in the fourth quarter. RVW Wealth LLC now owns 435,641 shares of the company’s stock valued at $17,000,000 after purchasing an additional 7,192 shares during the period. Sowell Financial Services LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 49.9% in the fourth quarter. Sowell Financial Services LLC now owns 14,789 shares of the company’s stock valued at $591,000 after purchasing an additional 4,925 shares during the period. Global Retirement Partners LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 728.1% in the fourth quarter. Global Retirement Partners LLC now owns 10,707 shares of the company’s stock valued at $428,000 after purchasing an additional 9,414 shares during the period. Finally, Coastal Investment Advisors Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 7.5% in the fourth quarter. Coastal Investment Advisors Inc. now owns 7,136 shares of the company’s stock valued at $285,000 after purchasing an additional 495 shares during the period.

Shares of RDVY remained flat at $$48.02 during mid-day trading on Tuesday. 1,345,258 shares of the stock were exchanged, compared to its average volume of 832,669. The business’s fifty day moving average price is $46.54 and its 200 day moving average price is $41.94. First Trust Rising Dividend Achievers ETF has a one year low of $26.15 and a one year high of $48.43.

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