Short Interest in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Increases By 118.3%

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 99,100 shares, an increase of 118.3% from the August 15th total of 45,400 shares. Based on an average daily volume of 1,297,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,297,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust SMID Cap Rising Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,744,843 shares of the company’s stock valued at $96,848,000 after purchasing an additional 275,395 shares during the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at about $54,000. Claris Financial LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.4% in the second quarter. Claris Financial LLC now owns 20,967 shares of the company’s stock worth $740,000 after buying an additional 6,036 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 9.1% during the second quarter. Coppell Advisory Solutions LLC now owns 7,208 shares of the company’s stock worth $255,000 after acquiring an additional 600 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 7.1% during the second quarter. Advisory Services Network LLC now owns 12,680 shares of the company’s stock worth $457,000 after acquiring an additional 839 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock traded up $0.08 during midday trading on Monday, reaching $38.24. The company had a trading volume of 336,121 shares, compared to its average volume of 1,593,890. The company has a market capitalization of $8.87 billion, a P/E ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 12-month low of $28.84 and a 12-month high of $40.60. The firm’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $34.80.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.1178 dividend. This represents a $0.47 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 26th.

First Trust SMID Cap Rising Dividend Achievers 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.