Short Interest in First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Grows By 44.6%

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 45,400 shares, anincreaseof44.6% from the July 31st total of 31,400 shares. Based on an average daily trading volume, of 1,246,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,246,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 162.6% during the first quarter. National Bank of Canada FI now owns 6,736 shares of the company’s stock valued at $225,000 after purchasing an additional 4,171 shares during the last quarter. Arcadia Wealth Management Inc. acquired a new stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the fourth quarter valued at approximately $1,042,000. Envestnet Portfolio Solutions Inc. lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 71.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 106,418 shares of the company’s stock worth $3,565,000 after purchasing an additional 44,324 shares during the last quarter. Stonebridge Financial Planning Group LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 31.2% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 49,932 shares of the company’s stock worth $1,790,000 after purchasing an additional 11,871 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 3,250.0% during the 1st quarter. GAMMA Investing LLC now owns 4,288 shares of the company’s stock worth $144,000 after purchasing an additional 4,160 shares during the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

NASDAQ:SDVY opened at $38.06 on Monday. The company has a market cap of $8.82 billion, a PE ratio of 14.54 and a beta of 1.18. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $28.84 and a 52-week high of $40.60. The stock has a 50-day simple moving average of $36.72 and a 200 day simple moving average of $34.71.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.1178 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.47 annualized dividend and a yield of 1.2%.

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.