First Trust NASDAQ Rising Dividend Achievers (RDVY) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust NASDAQ Rising Dividend Achievers shares that have been sold short but have not yet been closed out or covered. As of April 30th, investors have sold 426,900 shares of RDVY short. Learn More on First Trust NASDAQ Rising Dividend Achievers' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. RDVY shares currently have a short interest ratio of 1.0. Learn More on First Trust NASDAQ Rising Dividend Achievers's short interest ratio.

First Trust NASDAQ Rising Dividend Achievers saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 426,900 shares, an increase of 91.1% from the previous total of 223,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust NASDAQ Rising Dividend Achievers: WisdomTree U.S. Quality Dividend Growth Fund (0.18%), Vanguard International High Dividend Yield ETF (0.14%), First Trust SMID Cap Rising Dividend Archievers ETF (0.20%), iShares Select Dividend ETF (0.37%), Invesco High Yield Equity Dividend Achievers ETF (0.04%), Invesco International Dividend Achievers ETF (0.01%), VictoryShares US EQ Income Enhanced Volatility Wtd ETF (0.35%), Invesco Dividend Achievers ETF (0.15%), First Trust BuyWrite Income ETF (0.12%), Franklin U.S. Low Volatility High Dividend Index ETF (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling RDVY is an investing strategy that aims to generate trading profit from First Trust NASDAQ Rising Dividend Achievers as its price is falling. RDVY shares are trading down $0.14 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust NASDAQ Rising Dividend Achievers occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of RDVY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including RDVY, twice per month. The most recent reporting period available is April, 30 2024.