First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Up 45.6% in March

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 331,600 shares, an increase of 45.6% from the March 15th total of 227,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,143,700 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at $25,000. Summit Investment Advisors Inc. increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 195.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Graney & King LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth approximately $38,000. Finally, Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000.

First Trust NASDAQ Rising Dividend Achievers Stock Up 1.4 %

Shares of NASDAQ RDVY traded up $0.80 during trading on Wednesday, reaching $55.84. 1,271,846 shares of the company traded hands, compared to its average volume of 831,945. The firm has a 50 day simple moving average of $58.14 and a 200-day simple moving average of $60.21. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.27 and a 52-week high of $64.63. The stock has a market capitalization of $12.91 billion, a PE ratio of 13.97 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

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.