First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Down 50.1% in December

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 77,500 shares, a decline of 50.1% from the December 15th total of 155,300 shares. Based on an average daily trading volume, of 1,597,100 shares, the short-interest ratio is currently 0.0 days.

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

A number of hedge funds have recently modified their holdings of SDVY. LPL Financial LLC increased its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 17.1% during the 3rd quarter. LPL Financial LLC now owns 17,987,114 shares of the company’s stock worth $654,371,000 after purchasing an additional 2,628,717 shares during the last quarter. Raymond James & Associates increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 18.8% during the third quarter. Raymond James & Associates now owns 4,234,856 shares of the company’s stock worth $154,064,000 after buying an additional 669,172 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 8.2% during the fourth quarter. Capital Investment Advisors LLC now owns 3,510,050 shares of the company’s stock valued at $125,835,000 after buying an additional 267,372 shares in the last quarter. Park National Corp OH raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 11.7% during the fourth quarter. Park National Corp OH now owns 2,827,593 shares of the company’s stock valued at $101,369,000 after buying an additional 296,558 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 16.3% in the third quarter. Stifel Financial Corp now owns 2,485,251 shares of the company’s stock worth $90,415,000 after buying an additional 347,799 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY stock opened at $35.88 on Tuesday. The firm has a 50 day simple moving average of $37.68 and a 200 day simple moving average of $36.13. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $30.93 and a 52 week high of $40.60. The stock has a market cap of $7.71 billion, a P/E ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.1821 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

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.