FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Get Free Report) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 62,277 shares, a drop of 55.5% from the October 15th total of 139,883 shares. Based on an average trading volume of 1,657,761 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On FT Vest Rising Dividend Achievers Target Income ETF
Several hedge funds have recently modified their holdings of RDVI. SBI Securities Co. Ltd. grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 181.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,528 shares of the company’s stock valued at $43,000 after buying an additional 985 shares during the last quarter. IMG Wealth Management Inc. increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% in the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after buying an additional 404 shares during the period. Parallel Advisors LLC increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 117.5% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $84,000 after buying an additional 1,782 shares during the period. Allworth Financial LP raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 32.9% during the 2nd quarter. Allworth Financial LP now owns 4,243 shares of the company’s stock worth $125,000 after buying an additional 1,050 shares during the last quarter. Finally, Jacobi Capital Management LLC purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth $140,000.
FT Vest Rising Dividend Achievers Target Income ETF Price Performance
Shares of RDVI stock traded up $0.01 during midday trading on Friday, hitting $28.21. The company had a trading volume of 844,958 shares, compared to its average volume of 879,579. The company’s 50 day simple moving average is $28.24 and its 200 day simple moving average is $27.92. FT Vest Rising Dividend Achievers Target Income ETF has a 52-week low of $24.77 and a 52-week high of $30.08. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 15.75 and a beta of 0.90.
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.
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