First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 206,000 shares, a decline of 28.0% from the January 31st total of 286,000 shares. Based on an average trading volume of 901,100 shares, the short-interest ratio is presently 0.2 days.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.9 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded up $0.54 on Wednesday, reaching $59.83. 1,141,180 shares of the stock were exchanged, compared to its average volume of 745,522. The business has a fifty day moving average price of $61.39 and a two-hundred day moving average price of $60.51. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $52.78 and a 1-year high of $64.63. The firm has a market capitalization of $13.05 billion, a PE ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Spectrum Wealth Advisory Group LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at $12,392,000. D.A. Davidson & CO. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after purchasing an additional 29,294 shares in the last quarter. Elios Financial Group Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $6,731,000. Claro Advisors LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after buying an additional 14,235 shares in the last quarter. Finally, ORG Partners LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 259.3% during the fourth quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock worth $11,953,000 after buying an additional 145,866 shares during the period.

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.