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:SDVYGet Free Report) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 253,300 shares, a decline of 27.6% from the October 15th total of 349,700 shares. Based on an average daily trading volume, of 1,133,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock worth $548,000 after acquiring an additional 295 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the third quarter. Legacy Capital Group California Inc. now owns 45,225 shares of the company’s stock worth $1,645,000 after purchasing an additional 343 shares in the last quarter. Second Half Financial Partners LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% in the third quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock valued at $354,000 after purchasing an additional 365 shares during the last quarter. CX Institutional increased its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the third quarter. CX Institutional now owns 94,576 shares of the company’s stock valued at $3,441,000 after buying an additional 383 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock worth $1,205,000 after buying an additional 417 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of NASDAQ SDVY traded down $0.21 during trading on Friday, hitting $38.09. 1,203,025 shares of the company were exchanged, compared to its average volume of 1,141,543. The firm’s fifty day moving average price is $36.47 and its 200 day moving average price is $35.04. The company has a market cap of $6.67 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 1 year low of $28.60 and a 1 year high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, September 26th.

About First Trust SMID Cap Rising Dividend Archievers ETF

(Get Free Report)

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.

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