Short Interest in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Decreases By 59.3%

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 155,300 shares, a decrease of 59.3% from the November 30th total of 381,500 shares. Based on an average daily volume of 1,503,000 shares, the short-interest ratio is presently 0.1 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of NASDAQ:SDVY traded down $0.36 during midday trading on Friday, reaching $35.92. The company had a trading volume of 1,365,245 shares, compared to its average volume of 1,220,121. The company has a fifty day simple moving average of $37.76 and a two-hundred day simple moving average of $35.91. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $30.93 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.1821 per share. The ex-dividend date is Friday, December 13th.

Institutional Trading of First Trust SMID Cap Rising Dividend Archievers ETF

Several institutional investors have recently made changes to their positions in SDVY. Bank of New York Mellon Corp increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 33.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,546 shares of the company’s stock worth $385,000 after purchasing an additional 2,919 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.5% in the 2nd quarter. International Assets Investment Management LLC now owns 32,622 shares of the company’s stock valued at $1,089,000 after acquiring an additional 2,289 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the second quarter. Concurrent Investment Advisors LLC now owns 69,103 shares of the company’s stock worth $2,307,000 after purchasing an additional 582 shares during the period. Commonwealth Equity Services LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 8.9% during the second quarter. Commonwealth Equity Services LLC now owns 1,933,917 shares of the company’s stock valued at $64,554,000 after purchasing an additional 158,428 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 10,433.7% in the second quarter. Spire Wealth Management now owns 76,264 shares of the company’s stock valued at $2,546,000 after purchasing an additional 75,540 shares during the period.

About First Trust SMID Cap Rising Dividend Archievers 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.