Short Interest in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Declines By 57.8%

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 83,085 shares, a decline of 57.8% from the July 30th total of 196,874 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,058,584 shares, the short-interest ratio is currently 0.1 days.

First Trust Rising Dividend Achievers ETF Trading Down 0.0%

NASDAQ:RDVY opened at $82.41 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.75 and a 1 year high of $84.02. The stock has a 50-day moving average price of $81.09 and a two-hundred day moving average price of $75.81. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Rising Dividend Achievers ETF

Several institutional investors and hedge funds have recently modified their holdings of RDVY. AQR Capital Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares during the period. First Trust Advisors LP boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after buying an additional 12,204 shares during the period. Cerity Partners LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after buying an additional 1,561 shares during the period. Betterment LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after acquiring an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth $1,433,000.

About First Trust Rising Dividend Achievers ETF

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.