FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 167,313 shares, an increase of 127.0% from the July 15th total of 73,690 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 899,944 shares, the short-interest ratio is presently 0.2 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 stock. Cozad Asset Management Inc. increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 2.1% in the 1st quarter. Cozad Asset Management Inc. now owns 17,965 shares of the company’s stock valued at $459,000 after acquiring an additional 369 shares during the period. Archer Investment Corp lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the 1st quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock worth $30,000 after acquiring an additional 385 shares during the period. Main Street Financial Solutions LLC lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 1.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 21,432 shares of the company’s stock worth $562,000 after acquiring an additional 386 shares during the period. IMG Wealth Management Inc. lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after acquiring an additional 404 shares during the period. Finally, Insight Advisors LLC PA grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 1.0% in the 1st quarter. Insight Advisors LLC PA now owns 42,579 shares of the company’s stock valued at $1,088,000 after purchasing an additional 435 shares during the last quarter.
FT Vest Rising Dividend Achievers Target Income ETF Stock Performance
Shares of FT Vest Rising Dividend Achievers Target Income ETF stock opened at $30.02 on Friday. The company has a market capitalization of $2.48 billion, a P/E ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 1 year low of $24.77 and a 1 year high of $30.08. The company’s fifty day moving average is $29.05 and its two-hundred day moving average is $27.66.
FT Vest Rising Dividend Achievers Target Income ETF Company Profile
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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