FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Short Interest Update

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 63,765 shares, a drop of 46.5% from the July 15th total of 119,103 shares. Based on an average daily trading volume, of 419,553 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

FT Vest SMID Rising Dividend Achievers Target Income ETF Stock Performance

SDVD opened at $23.72 on Tuesday. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 52-week low of $20.55 and a 52-week high of $24.06. The stock has a market capitalization of $583.51 million, a PE ratio of 14.54 and a beta of 1.09. The stock’s 50 day moving average price is $23.20 and its 200-day moving average price is $22.76.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SDVD. Geneos Wealth Management Inc. raised its holdings in FT Vest SMID Rising Dividend Achievers Target Income ETF by 100.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $52,000 after purchasing an additional 1,200 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF during the fourth quarter valued at about $54,000. World Investment Advisors bought a new position in FT Vest SMID Rising Dividend Achievers Target Income ETF in the first quarter worth about $203,000. Triumph Capital Management purchased a new stake in FT Vest SMID Rising Dividend Achievers Target Income ETF in the third quarter worth about $215,000. Finally, Arkadios Wealth Advisors purchased a new stake in FT Vest SMID Rising Dividend Achievers Target Income ETF in the fourth quarter worth about $219,000.

About FT Vest SMID Rising Dividend Achievers Target Income ETF

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.