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

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 103,200 shares, a decline of 79.9% from the December 15th total of 513,000 shares. Based on an average daily trading volume, of 192,200 shares, the days-to-cover ratio is presently 0.5 days.

Shares of SDVY opened at $30.59 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 1-year low of $24.11 and a 1-year high of $31.06. The company’s fifty day moving average price is $30.09 and its 200-day moving average price is $29.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Monday, December 27th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 23rd. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.08. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.63%.

A number of large investors have recently bought and sold shares of the business. Altus Wealth Group LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.3% in the second quarter. Altus Wealth Group LLC now owns 28,601 shares of the company’s stock valued at $832,000 after purchasing an additional 362 shares during the last quarter. Stonebridge Financial Planning Group LLC boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 66.7% in the third quarter. Stonebridge Financial Planning Group LLC now owns 1,500 shares of the company’s stock valued at $46,000 after purchasing an additional 600 shares during the last quarter. Elite Wealth Management Inc. boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 4.1% in the third quarter. Elite Wealth Management Inc. now owns 23,373 shares of the company’s stock valued at $661,000 after purchasing an additional 926 shares during the last quarter. Citigroup Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter valued at $30,000. Finally, Sigma Planning Corp boosted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 11.2% in the second quarter. Sigma Planning Corp now owns 10,995 shares of the company’s stock valued at $320,000 after purchasing an additional 1,105 shares during the last quarter.

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