FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Sees Large Drop in Short Interest

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 73,690 shares, a decline of 50.7% from the June 30th total of 149,621 shares. Based on an average trading volume of 739,604 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

Several institutional investors have recently modified their holdings of the company. Cozad Asset Management Inc. raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 2.1% during the 1st quarter. Cozad Asset Management Inc. now owns 17,965 shares of the company’s stock valued at $459,000 after buying an additional 369 shares in the last quarter. Archer Investment Corp boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 47.8% in the first quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock worth $30,000 after buying an additional 385 shares in the last quarter. Main Street Financial Solutions LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 1.8% during the fourth quarter. Main Street Financial Solutions LLC now owns 21,432 shares of the company’s stock valued at $562,000 after acquiring an additional 386 shares during the last quarter. IMG Wealth Management Inc. raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after acquiring an additional 404 shares in the last quarter. Finally, Insight Advisors LLC PA raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 1.0% during the first quarter. Insight Advisors LLC PA now owns 42,579 shares of the company’s stock worth $1,088,000 after acquiring an additional 435 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 0.7%

RDVI opened at $29.03 on Tuesday. The business’s fifty day simple moving average is $28.46 and its 200 day simple moving average is $27.42. FT Vest Rising Dividend Achievers Target Income ETF has a 52 week low of $24.21 and a 52 week high of $29.47. The stock has a market cap of $2.40 billion, a PE ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.