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

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 77,500 shares, a drop of 50.1% from the December 15th total of 155,300 shares. Based on an average daily volume of 1,597,100 shares, the short-interest ratio is currently 0.0 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at approximately $27,000. Icon Wealth Advisors LLC bought a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at $30,000. ORG Partners LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at $73,000. Assetmark Inc. raised its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 105.2% during the third quarter. Assetmark Inc. now owns 3,211 shares of the company’s stock worth $117,000 after acquiring an additional 1,646 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 33.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,545 shares of the company’s stock valued at $129,000 after acquiring an additional 887 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 1.4 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock opened at $35.88 on Tuesday. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. The firm’s 50-day moving average price is $37.68 and its two-hundred day moving average price is $36.13. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $30.93 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.1821 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

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.