First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 206,000 shares, a decline of 28.0% from the January 31st total of 286,000 shares. Based on an average trading volume of 901,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $4,454,000. Advisor Resource Council purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $300,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $2,240,000. B. Riley Wealth Advisors Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 40,265 shares of the company's stock valued at $2,381,000 after buying an additional 444 shares during the period. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $1,364,000.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY stock traded down $1.13 during midday trading on Monday, hitting $60.34. The stock had a trading volume of 1,140,103 shares, compared to its average volume of 983,853. The firm has a market cap of $13.16 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.78 and a 12-month high of $64.63. The company's 50-day moving average price is $61.41 and its 200 day moving average price is $60.49.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers Company Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.