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

by · The Markets Daily

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 443,116 shares, a growth of 99.4% from the December 31st total of 222,230 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,789,880 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,789,880 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY traded down $0.94 during mid-day trading on Friday, hitting $72.27. 1,482,774 shares of the stock were exchanged, compared to its average volume of 1,700,044. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.43. The firm’s 50-day simple moving average is $70.57 and its 200 day simple moving average is $67.50.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1996 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RDVY. Raymond James Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares during the period. Ameriprise Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after purchasing an additional 716,800 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after buying an additional 455,258 shares during the period. UBS Group AG increased its stake in shares of First Trust Rising Dividend Achievers ETF by 4.4% in the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock worth $416,438,000 after buying an additional 254,241 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Company Profile

(Get Free Report)

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.

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