First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Update

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 97,900 shares, a decrease of 28.6% from the March 31st total of 137,200 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,071,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DHK Financial Advisors Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.5% in the 4th quarter. DHK Financial Advisors Inc. now owns 58,897 shares of the company’s stock worth $2,111,000 after purchasing an additional 297 shares during the period. tru Independence LLC lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.2% in the 4th quarter. tru Independence LLC now owns 31,039 shares of the company’s stock worth $1,113,000 after purchasing an additional 362 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 3.8% in the 1st quarter. AdvisorNet Financial Inc now owns 10,064 shares of the company’s stock worth $337,000 after purchasing an additional 372 shares during the period. Arbor Capital Management Inc. ADV increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 3.9% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 10,198 shares of the company’s stock worth $345,000 after acquiring an additional 383 shares in the last quarter. Finally, Lighthouse Wealth Management Inc. increased its holdings in First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 26,124 shares of the company’s stock worth $875,000 after acquiring an additional 398 shares in the last quarter.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Performance

Shares of SDVY stock opened at $32.70 on Wednesday. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $28.84 and a one year high of $40.60. The company’s 50-day moving average is $32.94 and its 200 day moving average is $35.82. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 12.77 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1576 per share. This represents a $0.63 annualized dividend and a yield of 1.93%. This is an increase from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 27th.

About First Trust SMID Cap Rising Dividend Achievers ETF

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.