First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Stock Short Interest Jumps 72.3%

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 213,753 shares, a growth of 72.3% from the September 15th total of 124,078 shares. Based on an average trading volume of 912,166 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Institutional investors have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 14,172.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,039,862 shares of the company’s stock valued at $41,002,000 after buying an additional 1,032,576 shares during the period. Decker Wealth Management LLC acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF during the 1st quarter worth about $24,789,000. Arkadios Wealth Advisors increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 191.4% in the 1st quarter. Arkadios Wealth Advisors now owns 861,728 shares of the company’s stock valued at $33,978,000 after acquiring an additional 566,039 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock valued at $373,149,000 after acquiring an additional 564,137 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 92.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,122,947 shares of the company’s stock valued at $43,031,000 after acquiring an additional 538,692 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

Shares of First Trust SMID Cap Rising Dividend Achievers ETF stock traded down $0.14 on Friday, hitting $41.52. 923,822 shares of the company’s stock traded hands, compared to its average volume of 1,287,926. The firm’s 50-day moving average price is $42.56 and its two-hundred day moving average price is $42.30. The stock has a market capitalization of $10.99 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $36.40 and a one year high of $45.11.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.1002 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

About First Trust SMID Cap Rising Dividend Achievers ETF

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.