Short Interest in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Drops By 56.2%

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 150,734 shares, a decrease of 56.2% from the April 30th total of 344,047 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 948,532 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Rising Dividend Achievers ETF Trading Down 0.2%

Shares of RDVY stock traded down $0.13 during trading hours on Friday, hitting $75.26. 869,703 shares of the company were exchanged, compared to its average volume of 1,452,487. First Trust Rising Dividend Achievers ETF has a 52 week low of $59.67 and a 52 week high of $76.57. The business has a 50 day moving average of $72.69 and a two-hundred day moving average of $71.24. The company has a market capitalization of $22.11 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Rising Dividend Achievers ETF

A number of institutional investors have recently modified their holdings of the company. Financial Perspectives Inc acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $26,000. Huntington National Bank lifted its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $27,000. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $28,000. Finally, Bessemer Group Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $29,000.

First Trust Rising Dividend Achievers ETF Company Profile

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.