First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Down 34.4% in March

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 227,700 shares, a decrease of 34.4% from the February 28th total of 347,100 shares. Based on an average daily volume of 1,005,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY traded down $1.20 during trading hours on Friday, reaching $58.03. The stock had a trading volume of 1,531,740 shares, compared to its average volume of 773,474. The stock has a market cap of $12.66 billion, a P/E ratio of 14.89 and a beta of 1.15. The stock has a 50 day simple moving average of $60.99 and a 200 day simple moving average of $60.64. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.78 and a 12-month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.2544 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.75%. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $25,000. Summit Investment Advisors Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 195.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after acquiring an additional 293 shares during the period. Graney & King LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $38,000. Finally, Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $40,000.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.