First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Drop in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 155,600 shares, a decline of 25.6% from the February 13th total of 209,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,797,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust SMID Cap Rising Dividend Archievers ETF

Several hedge funds have recently made changes to their positions in SDVY. Raymond James Financial Inc. purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $381,301,000. LPL Financial LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% during the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock valued at $786,401,000 after purchasing an additional 3,948,772 shares during the last quarter. Wells Fargo & Company MN grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after purchasing an additional 2,172,523 shares during the last quarter. Independent Advisor Alliance bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $50,719,000. Finally, Bank of America Corp DE grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 23.0% during the 4th quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock valued at $254,501,000 after purchasing an additional 1,327,323 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ SDVY traded down $0.11 during mid-day trading on Monday, hitting $33.19. 236,818 shares of the company’s stock traded hands, compared to its average volume of 1,877,045. The company’s 50-day moving average is $36.14 and its two-hundred day moving average is $36.62. The company has a market capitalization of $7.40 billion, a P/E ratio of 13.44 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1 year low of $32.22 and a 1 year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.