Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Increases By 68.5%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 347,100 shares, a growth of 68.5% from the February 13th total of 206,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 975,000 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $593,242,000. Leigh Baldwin & CO. LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $132,464,000. Ameriprise Financial Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 30.0% in the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock worth $362,832,000 after buying an additional 1,417,024 shares in the last quarter. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after buying an additional 980,714 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after buying an additional 650,194 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 2.1 %

RDVY traded up $1.23 during trading on Friday, hitting $58.45. 790,490 shares of the company traded hands, compared to its average volume of 758,993. The company has a market cap of $12.75 billion, a PE ratio of 14.78 and a beta of 1.15. The stock’s 50-day simple moving average is $61.27 and its two-hundred day simple moving average is $60.53. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $52.78 and a 1 year high of $64.63.

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.