First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Drop in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 286,000 shares, a decrease of 27.6% from the January 15th total of 395,300 shares. Based on an average daily volume of 873,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several hedge funds and other institutional investors have recently made changes to their positions in RDVY. Cullen Frost Bankers Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $25,000. Ameritas Investment Partners Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 195.3% during the fourth quarter. Ameritas Investment Partners Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $38,000. Finally, Sugarloaf Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6 %

RDVY stock traded up $0.39 during mid-day trading on Friday, reaching $62.64. 1,183,590 shares of the stock traded hands, compared to its average volume of 1,010,110. The firm has a market capitalization of $13.66 billion, a PE ratio of 10.08 and a beta of 1.15. The business has a 50-day moving average of $61.18 and a two-hundred day moving average of $59.97. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $51.39 and a 52 week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.