First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Decrease in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 141,900 shares, a drop of 25.7% from the September 15th total of 190,900 shares. Based on an average daily trading volume, of 1,298,900 shares, the short-interest ratio is presently 0.1 days.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY opened at $37.02 on Tuesday. The stock has a 50-day moving average of $35.30 and a 200-day moving average of $34.43. The company has a market cap of $6.28 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $26.40 and a one year high of $37.25.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1383 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.55 annualized dividend and a yield of 1.49%.

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

Several large investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 15.9% in the 2nd quarter. LPL Financial LLC now owns 15,358,397 shares of the company’s stock valued at $512,663,000 after acquiring an additional 2,105,789 shares in the last quarter. Raymond James & Associates lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 7.8% during the 2nd quarter. Raymond James & Associates now owns 3,565,684 shares of the company’s stock worth $119,023,000 after buying an additional 258,459 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 34.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,266,343 shares of the company’s stock worth $109,031,000 after buying an additional 835,904 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 38,705.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,007,808 shares of the company’s stock worth $100,401,000 after purchasing an additional 3,000,057 shares during the period. Finally, LVZ Inc. lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% in the second quarter. LVZ Inc. now owns 2,716,224 shares of the company’s stock valued at $90,668,000 after purchasing an additional 22,837 shares during the last quarter.

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.