First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 87,300 shares, a drop of 75.1% from the October 31st total of 350,500 shares. Based on an average daily trading volume, of 673,100 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several large investors have recently made changes to their positions in RDVY. Financial Services Advisory Inc lifted its position in First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company’s stock valued at $881,000 after purchasing an additional 170 shares during the period. Crewe Advisors LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 3.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,573 shares of the company’s stock worth $305,000 after purchasing an additional 186 shares in the last quarter. L & S Advisors Inc grew its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% in the third quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock valued at $1,146,000 after purchasing an additional 197 shares in the last quarter. Finally, Wills Financial Group Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. Wills Financial Group Inc. now owns 4,544 shares of the company’s stock valued at $269,000 after buying an additional 213 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

RDVY traded down $0.14 during midday trading on Wednesday, hitting $63.98. The company had a trading volume of 309,871 shares, compared to its average volume of 717,888. The firm’s 50-day simple moving average is $60.44 and its 200-day simple moving average is $57.52. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $47.18 and a twelve month high of $64.63. The company has a market capitalization of $13.19 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1912 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.20%.

About First Trust NASDAQ Rising Dividend Achievers

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.