First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Drop in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 286,000 shares, a decrease of 27.6% from the January 15th total of 395,300 shares. Based on an average daily volume of 873,900 shares, the short-interest ratio is presently 0.3 days.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6 %

RDVY traded up $0.39 during trading on Friday, reaching $62.64. The stock had a trading volume of 1,183,590 shares, compared to its average volume of 1,010,110. The firm has a market capitalization of $13.66 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 $51.39 and a 1-year high of $64.63. The stock has a 50 day moving average of $61.18 and a two-hundred day moving average of $59.97.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Several large investors have recently added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 1.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 40,637 shares of the company’s stock valued at $2,403,000 after purchasing an additional 743 shares during the period. Jane Street Group LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $935,000. Talon Private Wealth LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $6,914,000. Comerica Bank increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 11.5% in the fourth quarter. Comerica Bank now owns 113,398 shares of the company’s stock worth $6,706,000 after acquiring an additional 11,663 shares during the last quarter. Finally, Owen LaRue LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 30.7% in the fourth quarter. Owen LaRue LLC now owns 30,138 shares of the company’s stock worth $1,782,000 after acquiring an additional 7,078 shares during the last quarter.

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.