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

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

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Hedge funds have recently made changes to their positions in the company. Spectrum Wealth Advisory Group LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth $12,392,000. D.A. Davidson & CO. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after buying an additional 29,294 shares during the last quarter. Perennial Investment Advisors LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 6.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 324,521 shares of the company’s stock valued at $17,767,000 after acquiring an additional 19,794 shares during the period. Claro Advisors LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 29.3% during the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after acquiring an additional 14,235 shares during the last quarter. Finally, Elios Financial Group Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter worth approximately $6,731,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 1.5 %

Shares of NASDAQ:RDVY opened at $59.83 on Tuesday. The firm has a 50 day simple moving average of $61.52 and a 200-day simple moving average of $58.97. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $49.60 and a twelve month high of $64.63. The company has a market capitalization of $12.86 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

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.