First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sees Significant Growth in Short Interest

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 213,753 shares, a growth of 72.3% from the September 15th total of 124,078 shares. Based on an average daily trading volume, of 912,166 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 1.2%

NASDAQ:SDVY traded up $0.47 during trading hours on Thursday, reaching $41.56. 471,807 shares of the stock were exchanged, compared to its average volume of 1,285,407. The stock has a market capitalization of $11.00 billion, a P/E ratio of 14.54 and a beta of 1.01. The firm has a 50 day simple moving average of $42.68 and a 200-day simple moving average of $42.29. First Trust SMID Cap Rising Dividend Achievers ETF has a 52 week low of $36.40 and a 52 week high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1002 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds have recently added to or reduced their stakes in SDVY. Maryland Capital Advisors Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the third quarter worth $28,000. Fearless Solutions LLC dba Best Invest lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 25,169 shares of the company’s stock worth $1,021,000 after buying an additional 1,078 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.4% in the 3rd quarter. Focus Financial Network Inc. now owns 452,688 shares of the company’s stock worth $18,370,000 after buying an additional 10,598 shares during the last quarter. Lighthouse Wealth Management Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.2% in the 3rd quarter. Lighthouse Wealth Management Inc. now owns 15,840 shares of the company’s stock worth $643,000 after buying an additional 343 shares during the last quarter. Finally, Accel Wealth Management lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.6% in the 3rd quarter. Accel Wealth Management now owns 72,759 shares of the company’s stock worth $2,953,000 after buying an additional 4,518 shares during the last quarter.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.