First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Down 27.6% in October

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 253,300 shares, a decrease of 27.6% from the October 15th total of 349,700 shares. Based on an average daily trading volume, of 1,133,300 shares, the short-interest ratio is presently 0.2 days.

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

A number of institutional investors have recently made changes to their positions in the business. Avidian Wealth Enterprises LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock valued at $548,000 after buying an additional 295 shares during the last quarter. Legacy Capital Group California Inc. boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the third quarter. Legacy Capital Group California Inc. now owns 45,225 shares of the company’s stock valued at $1,645,000 after acquiring an additional 343 shares during the period. Second Half Financial Partners LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% in the third quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock worth $354,000 after acquiring an additional 365 shares during the last quarter. CX Institutional increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% during the third quarter. CX Institutional now owns 94,576 shares of the company’s stock worth $3,441,000 after acquiring an additional 383 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock valued at $1,205,000 after purchasing an additional 417 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

NASDAQ:SDVY traded down $0.21 during midday trading on Friday, reaching $38.09. The stock had a trading volume of 1,203,025 shares, compared to its average volume of 1,141,543. The stock has a market capitalization of $6.67 billion, a P/E ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $28.60 and a 1-year high of $39.24. The firm’s fifty day simple moving average is $36.47 and its 200-day simple moving average is $35.04.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1383 dividend. This represents a $0.55 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, September 26th.

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.