Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Drops By 35.6%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 56,200 shares, a decline of 35.6% from the November 15th total of 87,300 shares. Based on an average trading volume of 679,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Services Advisory Inc grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock valued at $881,000 after acquiring an additional 170 shares in the last quarter. Crewe Advisors LLC grew its stake in First Trust NASDAQ Rising Dividend Achievers by 12.5% in the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter. L & S Advisors Inc increased its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock worth $1,146,000 after purchasing an additional 197 shares during the last quarter. Wills Financial Group Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 3rd quarter. Wills Financial Group Inc. now owns 4,544 shares of the company’s stock worth $269,000 after purchasing an additional 213 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 71,312 shares of the company’s stock valued at $3,904,000 after buying an additional 228 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.4 %

Shares of RDVY traded down $0.23 during trading hours on Friday, reaching $61.43. The company’s stock had a trading volume of 508,543 shares, compared to its average volume of 717,163. The company has a 50 day moving average of $61.54 and a two-hundred day moving average of $58.21. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.2956 per share. The ex-dividend date of this dividend is Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company Profile

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.