FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Short Interest Down 46.5% in July

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 63,765 shares, a drop of 46.5% from the July 15th total of 119,103 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 419,553 shares, the days-to-cover ratio is presently 0.2 days.

FT Vest SMID Rising Dividend Achievers Target Income ETF Price Performance

SDVD opened at $24.00 on Friday. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 1 year low of $20.55 and a 1 year high of $24.06. The company has a market capitalization of $590.40 million, a price-to-earnings ratio of 14.54 and a beta of 1.09. The firm’s fifty day moving average price is $23.17 and its two-hundred day moving average price is $22.75.

Institutional Trading of FT Vest SMID Rising Dividend Achievers Target Income ETF

Several hedge funds have recently added to or reduced their stakes in SDVD. Cetera Investment Advisers raised its holdings in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 38.8% in the 1st quarter. Cetera Investment Advisers now owns 701,260 shares of the company’s stock worth $15,217,000 after purchasing an additional 195,971 shares during the period. Stephens Inc. AR grew its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 1.7% during the first quarter. Stephens Inc. AR now owns 660,624 shares of the company’s stock valued at $14,336,000 after purchasing an additional 11,265 shares during the period. Wealthspire Retirement LLC bought a new stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF in the first quarter valued at $13,996,000. Royal Bank of Canada raised its stake in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 22.8% in the first quarter. Royal Bank of Canada now owns 593,903 shares of the company’s stock valued at $12,887,000 after buying an additional 110,103 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 20.5% during the 1st quarter. Kestra Advisory Services LLC now owns 522,516 shares of the company’s stock valued at $11,339,000 after buying an additional 88,903 shares during the last quarter.

About FT Vest SMID Rising Dividend Achievers Target Income ETF

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.