Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Expands By 241.9%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 463,600 shares, an increase of 241.9% from the December 15th total of 135,600 shares. Based on an average daily trading volume, of 738,400 shares, the short-interest ratio is presently 0.6 days.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.8 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $61.67 on Thursday. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm’s 50-day moving average price is $61.50 and its two-hundred day moving average price is $59.03. First Trust NASDAQ Rising Dividend Achievers has a 1-year low of $49.60 and a 1-year 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. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the second quarter worth $29,000. Sugarloaf Wealth Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $57,000. Crewe Advisors LLC lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the third quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $104,000.

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.