FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Short Interest Down 58.6% in May

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 98,458 shares, a decrease of 58.6% from the May 14th total of 237,696 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 563,280 shares, the short-interest ratio is currently 0.2 days.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 1.1%

BATS RDVI opened at $28.66 on Friday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $23.93 and a twelve month high of $28.68. The stock has a fifty day simple moving average of $27.33 and a 200 day simple moving average of $26.84.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

A number of large investors have recently bought and sold shares of RDVI. Archer Investment Corp lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% in the 1st quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock valued at $30,000 after purchasing an additional 385 shares during the period. Parallel Advisors LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at about $38,000. US Bancorp DE bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at about $57,000. IMG Wealth Management Inc. boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after purchasing an additional 404 shares in the last quarter. Finally, Topsail Wealth Management LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter valued at about $66,000.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.