FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 73,690 shares, a decrease of 50.7% from the June 30th total of 149,621 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 739,604 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On FT Vest Rising Dividend Achievers Target Income ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bison Wealth LLC lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 20.6% in the fourth quarter. Bison Wealth LLC now owns 18,580 shares of the company’s stock worth $450,000 after acquiring an additional 3,180 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 1st quarter valued at approximately $2,354,000. Jane Street Group LLC boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 215.9% during the first quarter. Jane Street Group LLC now owns 110,807 shares of the company’s stock valued at $2,628,000 after purchasing an additional 75,734 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the second quarter valued at approximately $686,000. Finally, Cresset Asset Management LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter worth $227,000.
FT Vest Rising Dividend Achievers Target Income ETF Stock Performance
BATS RDVI opened at $29.03 on Tuesday. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $24.21 and a fifty-two week high of $29.47. The stock has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $27.42. The stock has a market cap of $2.40 billion, a P/E ratio of 16.57 and a beta of 1.03.
About FT Vest Rising Dividend Achievers Target Income ETF
The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.
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