First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Down 56.2% in May

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 150,734 shares, a decline of 56.2% from the April 30th total of 344,047 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 948,532 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Rising Dividend Achievers ETF

A number of large investors have recently made changes to their positions in the business. Cozad Asset Management Inc. grew its position in First Trust Rising Dividend Achievers ETF by 1.9% in the first quarter. Cozad Asset Management Inc. now owns 115,817 shares of the company’s stock worth $7,908,000 after acquiring an additional 2,119 shares in the last quarter. Serenity Investment Advisors raised its position in First Trust Rising Dividend Achievers ETF by 147.8% during the first quarter. Serenity Investment Advisors now owns 20,888 shares of the company’s stock valued at $1,572,000 after purchasing an additional 12,460 shares during the period. Summit Financial Wealth Advisors LLC raised its position in First Trust Rising Dividend Achievers ETF by 9.1% during the first quarter. Summit Financial Wealth Advisors LLC now owns 6,873 shares of the company’s stock valued at $469,000 after purchasing an additional 574 shares during the period. Western Wealth Management LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the 1st quarter. Western Wealth Management LLC now owns 353,709 shares of the company’s stock valued at $24,151,000 after purchasing an additional 15,055 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after purchasing an additional 219,060 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY traded up $0.12 during trading hours on Tuesday, reaching $75.38. The stock had a trading volume of 870,161 shares, compared to its average volume of 1,446,834. The stock has a market capitalization of $22.14 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 52 week low of $59.67 and a 52 week high of $76.57. The company has a 50 day moving average price of $72.82 and a two-hundred day moving average price of $71.31.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%.

First Trust Rising Dividend Achievers ETF Company Profile

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.