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

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the recipient of a significant decline in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,247,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds have recently bought and sold shares of the stock. Capital Advantage Inc. lifted its position in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 40.5% during 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 last quarter. Econ Financial Services Corp grew its stake in shares of 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 purchasing an additional 37,184 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 39.8% in the third quarter. Pinnacle Associates Ltd. now owns 233,252 shares of the company’s stock valued at $8,868,000 after buying an additional 66,370 shares during the last quarter. CWM LLC raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 7.4% in the fourth quarter. CWM LLC now owns 448,472 shares of the company’s stock valued at $17,185,000 after buying an additional 30,845 shares in the last quarter. Finally, Arvest Investments Inc. raised its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 10.7% in the fourth quarter. Arvest Investments Inc. now owns 263,558 shares of the company’s stock valued at $10,100,000 after buying an additional 25,490 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Price Performance

First Trust SMID Cap Rising Dividend Achievers ETF stock opened at $43.08 on Monday. The firm has a market cap of $11.15 billion, a PE ratio of 14.54 and a beta of 1.01. First Trust SMID Cap Rising Dividend Achievers ETF has a 52-week low of $35.03 and a 52-week high of $43.44. The company’s 50 day moving average is $41.84 and its two-hundred day moving average is $40.86.

First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.0901 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

First Trust SMID Cap Rising Dividend Achievers 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.