Short Interest in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Declines By 58.6%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 98,458 shares, a drop of 58.6% from the May 14th total of 237,696 shares. Based on an average daily trading volume, of 563,280 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Archer Investment Corp lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the first quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock valued at $30,000 after purchasing an additional 385 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at approximately $38,000. US Bancorp DE purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at approximately $57,000. IMG Wealth Management Inc. lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after purchasing an additional 404 shares during the last quarter. Finally, Topsail Wealth Management LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter valued at approximately $66,000.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

Shares of RDVI opened at $28.36 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a one year low of $23.93 and a one year high of $28.43. The company has a 50-day simple moving average of $27.27 and a two-hundred day simple moving average of $26.82. The firm has a market capitalization of $2.34 billion, a PE ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.