First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sees Significant Drop in Short Interest

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 40,207 shares, a decline of 81.2% from the September 30th total of 213,753 shares. Based on an average trading volume of 1,111,609 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ SDVY traded down $0.26 during midday trading on Wednesday, hitting $41.81. The company’s stock had a trading volume of 154,191 shares, compared to its average volume of 1,266,645. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $36.40 and a 1-year high of $45.11. The firm’s fifty day moving average price is $42.22 and its 200-day moving average price is $41.88. The firm has a market cap of $11.03 billion, a P/E ratio of 14.54 and a beta of 1.01.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

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

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

A number of hedge funds have recently added to or reduced their stakes in SDVY. Cornerstone Wealth LLC TN increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 47.7% in the 3rd quarter. Cornerstone Wealth LLC TN now owns 48,380 shares of the company’s stock worth $2,035,000 after acquiring an additional 15,623 shares during the period. Morey & Quinn Wealth Partners LLC boosted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 22.1% during the 3rd quarter. Morey & Quinn Wealth Partners LLC now owns 6,409 shares of the company’s stock valued at $260,000 after purchasing an additional 1,162 shares during the period. Financial Network Wealth Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Achievers ETF by 12.4% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 3,183 shares of the company’s stock worth $129,000 after purchasing an additional 351 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the 3rd quarter worth about $31,000. Finally, Victory Financial Group LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 273.1% in the third quarter. Victory Financial Group LLC now owns 43,137 shares of the company’s stock valued at $1,751,000 after purchasing an additional 31,575 shares during the period.

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.