First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Growth in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 426,900 shares, an increase of 91.1% from the April 15th total of 223,400 shares. Based on an average daily volume of 765,400 shares, the days-to-cover ratio is presently 0.6 days.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.1 %

Shares of RDVY traded down $0.04 during trading hours on Friday, reaching $55.24. 501,334 shares of the company traded hands, compared to its average volume of 777,794. The stock's fifty day moving average price is $54.54 and its 200 day moving average price is $51.40. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 9.78 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $42.93 and a 12-month high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.2238 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Investors Weigh In On First Trust NASDAQ Rising Dividend Achievers

A number of institutional investors and hedge funds have recently bought and sold shares of RDVY. ProVise Management Group LLC raised its stake in First Trust NASDAQ Rising Dividend Achievers by 7.7% in the first quarter. ProVise Management Group LLC now owns 7,279 shares of the company's stock worth $409,000 after buying an additional 519 shares in the last quarter. Blair William & Co. IL raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 9.3% in the 1st quarter. Blair William & Co. IL now owns 351,981 shares of the company's stock valued at $19,771,000 after purchasing an additional 30,086 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 0.6% in the first quarter. Kingsview Wealth Management LLC now owns 71,715 shares of the company's stock worth $4,028,000 after buying an additional 413 shares during the last quarter. Delta Investment Management LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 1st quarter worth about $501,000. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1,707.8% during the first quarter. Koshinski Asset Management Inc. now owns 500,465 shares of the company's stock worth $28,111,000 after purchasing an additional 472,782 shares during the period.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.

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