First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Down 56.6% in June

by · The Markets Daily

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 67,857 shares, a decline of 56.6% from the May 31st total of 156,290 shares. Based on an average trading volume of 1,247,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of large investors have recently modified their holdings of SDVY. Capital Advantage Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% in the 4th quarter. Capital Advantage Inc. now owns 77,232 shares of the company’s stock worth $2,960,000 after purchasing an additional 22,276 shares during the period. Econ Financial Services Corp lifted its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 26.1% during the fourth quarter. Econ Financial Services Corp now owns 179,719 shares of the company’s stock worth $6,887,000 after buying an additional 37,184 shares during the period. Pinnacle Associates Ltd. boosted its position in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after acquiring an additional 66,370 shares in the last quarter. CWM LLC increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the 4th quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after acquiring an additional 30,845 shares during the period. Finally, Arvest Investments Inc. increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the 4th quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after acquiring an additional 25,490 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

SDVY traded up $0.17 during trading on Wednesday, reaching $43.31. The stock had a trading volume of 1,088,621 shares, compared to its average volume of 1,515,039. The stock has a market cap of $11.21 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $35.03 and a one year high of $43.63. The business has a 50-day moving average of $41.89 and a 200-day moving average of $40.92.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0901 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

About First Trust SMID Cap Rising Dividend Achievers 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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