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

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 126,007 shares, a growth of 85.7% from the June 15th total of 67,857 shares. Based on an average daily volume of 1,171,290 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Down 0.7%

Shares of SDVY opened at $43.39 on Friday. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a twelve month low of $35.03 and a twelve month high of $43.82. The company has a 50 day moving average of $42.12 and a two-hundred day moving average of $41.27.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SDVY. Accel Wealth Management grew its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 11.5% in the 2nd quarter. Accel Wealth Management now owns 68,241 shares of the company’s stock valued at $2,944,000 after acquiring an additional 7,016 shares during the period. Dagco Inc. increased its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 3.7% during the 2nd quarter. Dagco Inc. now owns 428,281 shares of the company’s stock worth $18,476,000 after buying an additional 15,098 shares in the last quarter. City Holding Co. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.2% during the second quarter. City Holding Co. now owns 41,191 shares of the company’s stock valued at $1,777,000 after acquiring an additional 2,030 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 323,604 shares of the company’s stock valued at $13,960,000 after acquiring an additional 4,872 shares in the last quarter. Finally, Barry Investment Advisors LLC lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 38.7% in the second quarter. Barry Investment Advisors LLC now owns 35,678 shares of the company’s stock valued at $1,539,000 after acquiring an additional 9,963 shares in 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.