First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Update

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100,400 shares, a decline of 35.5% from the February 28th total of 155,600 shares. Based on an average trading volume of 1,795,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY stock traded down $0.61 on Friday, hitting $33.39. 1,457,906 shares of the stock traded hands, compared to its average volume of 1,378,643. The company has a market capitalization of $7.44 billion, a PE ratio of 13.43 and a beta of 1.18. The company’s fifty day moving average is $35.62 and its 200 day moving average is $36.53. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.1576 dividend. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, March 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. DHK Financial Advisors Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.5% in the fourth quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock worth $2,111,000 after buying an additional 297 shares during the period. tru Independence LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 4th quarter. tru Independence LLC now owns 31,039 shares of the company’s stock worth $1,113,000 after acquiring an additional 362 shares during the period. Pineridge Advisors LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the 4th quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after purchasing an additional 443 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 36,550 shares of the company’s stock valued at $1,330,000 after purchasing an additional 465 shares during the period. Finally, Fiduciary Trust Co grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 8.0% in the 4th quarter. Fiduciary Trust Co now owns 6,314 shares of the company’s stock worth $226,000 after purchasing an additional 469 shares during the last quarter.

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.