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

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 349,700 shares, a growth of 146.4% from the September 30th total of 141,900 shares. Based on an average daily volume of 1,206,300 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Archievers ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% in the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after acquiring an additional 125,091 shares in the last quarter. Founders Financial Securities LLC acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the first quarter valued at about $284,000. Fifth Third Bancorp bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the second quarter worth about $298,000. Park National Corp OH grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% during the third quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock worth $92,079,000 after buying an additional 1,885,435 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 8.8% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 86,313 shares of the company’s stock valued at $3,140,000 after buying an additional 6,973 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

NASDAQ:SDVY traded down $0.37 during mid-day trading on Friday, hitting $35.90. 590,075 shares of the stock were exchanged, compared to its average volume of 1,109,984. The firm’s 50-day simple moving average is $35.79 and its 200 day simple moving average is $34.58. The stock has a market capitalization of $6.23 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 fifty-two week low of $26.40 and a fifty-two week high of $37.55.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.54%.

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.