First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Significant Decline in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 141,900 shares, a drop of 25.7% from the September 15th total of 190,900 shares. Based on an average trading volume of 1,298,900 shares, the days-to-cover ratio is currently 0.1 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of NASDAQ:SDVY opened at $37.02 on Tuesday. The company’s fifty day moving average is $35.30 and its 200-day moving average is $34.43. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $26.40 and a 52 week high of $37.25. The company has a market capitalization of $6.28 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.49%.

Institutional Trading of First Trust SMID Cap Rising Dividend Archievers ETF

Several large investors have recently added to or reduced their stakes in SDVY. Osaic Holdings Inc. increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% during the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after purchasing an additional 125,091 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 76.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,027 shares of the company’s stock valued at $1,115,000 after buying an additional 14,689 shares in the last quarter. Leo Wealth LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter valued at about $1,562,000. Founders Financial Securities LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth about $284,000. Finally, Fifth Third Bancorp bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth about $298,000.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

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.