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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 286,000 shares, a decline of 27.6% from the January 15th total of 395,300 shares. Based on an average daily volume of 873,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Alliance Wealth Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.4% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 54,680 shares of the company's stock valued at $3,238,000 after purchasing an additional 1,813 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 5.5% during the third quarter. Cornerstone Wealth Management LLC now owns 91,201 shares of the company's stock worth $5,400,000 after buying an additional 4,762 shares during the period. Naviter Wealth LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 29.4% in the third quarter. Naviter Wealth LLC now owns 168,192 shares of the company's stock valued at $9,959,000 after buying an additional 38,232 shares in the last quarter. HFG Advisors Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.0% during the 3rd quarter. HFG Advisors Inc. now owns 101,709 shares of the company's stock valued at $6,022,000 after acquiring an additional 6,636 shares during the period. Finally, Good Life Advisors LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.8% during the 3rd quarter. Good Life Advisors LLC now owns 280,718 shares of the company's stock worth $16,621,000 after acquiring an additional 7,762 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ RDVY traded up $0.61 on Tuesday, hitting $63.25. 797,726 shares of the company's stock were exchanged, compared to its average volume of 1,003,252. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The firm's 50-day moving average price is $61.19 and its two-hundred day moving average price is $60.02. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $51.50 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.