FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Stock Short Interest Declines 40.4%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 90,473 shares, a decrease of 40.4% from the August 31st total of 151,926 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,445,276 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 31.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 32,514 shares of the company’s stock valued at $956,000 after acquiring an additional 7,713 shares during the period. Bullseye Investment Management LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter worth approximately $17,907,000. Smith Chas P & Associates PA Cpas acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter worth approximately $220,000. Capital Analysts LLC grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 7.3% in the 2nd quarter. Capital Analysts LLC now owns 97,070 shares of the company’s stock valued at $2,854,000 after purchasing an additional 6,567 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 1.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 349,706 shares of the company’s stock valued at $10,281,000 after purchasing an additional 3,294 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of FT Vest Rising Dividend Achievers Target Income ETF stock opened at $28.15 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a 1 year low of $24.77 and a 1 year high of $30.08. The company has a market capitalization of $2.33 billion, a P/E ratio of 16.57 and a beta of 1.03. The company’s fifty day moving average is $29.03 and its two-hundred day moving average is $28.11.

About FT Vest Rising Dividend Achievers Target Income ETF

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.