Short Interest in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Decreases By 50.7%

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 73,690 shares, a decline of 50.7% from the June 30th total of 149,621 shares. Based on an average trading volume of 739,604 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

A number of institutional investors have recently modified their holdings of RDVI. Bison Wealth LLC grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 20.6% in the 4th quarter. Bison Wealth LLC now owns 18,580 shares of the company’s stock valued at $450,000 after buying an additional 3,180 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the first quarter worth $2,354,000. Jane Street Group LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 215.9% during the first quarter. Jane Street Group LLC now owns 110,807 shares of the company’s stock worth $2,628,000 after acquiring an additional 75,734 shares in the last quarter. First Trust Advisors LP bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter worth $686,000. Finally, Cresset Asset Management LLC bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter worth $227,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 1.4%

BATS RDVI opened at $28.78 on Thursday. The company has a market cap of $2.38 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 52 week low of $24.21 and a 52 week high of $29.47. The firm’s 50-day simple moving average is $28.54 and its two-hundred day simple moving average is $27.45.

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.