First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Update

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 13,700 shares, a decline of 91.0% from the April 30th total of 152,400 shares. Based on an average daily volume of 1,960,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SDVY. Anderson Financial Strategies LLC boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 109.2% during the 1st quarter. Anderson Financial Strategies LLC now owns 91,539 shares of the company’s stock worth $3,067,000 after buying an additional 47,786 shares during the period. Ellsworth Advisors LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 38.0% during the 1st quarter. Ellsworth Advisors LLC now owns 16,919 shares of the company’s stock worth $567,000 after buying an additional 4,660 shares during the period. Jacobi Capital Management LLC raised its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 286.6% during the first quarter. Jacobi Capital Management LLC now owns 31,925 shares of the company’s stock worth $1,069,000 after acquiring an additional 23,668 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 28.2% in the first quarter. Geneos Wealth Management Inc. now owns 14,743 shares of the company’s stock worth $494,000 after acquiring an additional 3,241 shares during the period. Finally, Focus Partners Wealth boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 41.2% in the first quarter. Focus Partners Wealth now owns 43,712 shares of the company’s stock valued at $1,464,000 after acquiring an additional 12,748 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $34.50 on Friday. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 13.22 and a beta of 1.12. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $28.84 and a fifty-two week high of $40.60. The stock has a fifty day moving average price of $32.94 and a 200-day moving average price of $35.40.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1576 per share. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, March 27th.

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.