First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sees Large Increase in Short Interest

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY – Get Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 126,007 shares, an increase of 85.7% from the June 15th total of 67,857 shares. Based on an average trading volume of 1,171,290 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Down 0.7%

Shares of SDVY opened at $43.39 on Friday. The business’s fifty day simple moving average is $42.12 and its two-hundred day simple moving average is $41.27. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $35.03 and a 12 month high of $43.82. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 14.54 and a beta of 1.01.

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First Trust SMID Cap Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0901 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

Several institutional investors have recently modified their holdings of SDVY. LPL Financial LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 24,892,169 shares of the company’s stock valued at $953,868,000 after acquiring an additional 1,135,800 shares during the period. Morgan Stanley boosted its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Morgan Stanley now owns 17,946,856 shares of the company’s stock valued at $687,724,000 after acquiring an additional 130,885 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 14,105,263 shares of the company’s stock worth $540,514,000 after acquiring an additional 1,261,249 shares during the period. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after acquiring an additional 564,137 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock worth $313,207,000 after acquiring an additional 227,423 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Company Profile

(Get Free Report)

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.

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