First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 347,100 shares, an increase of 68.5% from the February 13th total of 206,000 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 975,000 shares, the short-interest ratio is presently 0.4 days.
First Trust NASDAQ Rising Dividend Achievers Stock Up 1.2 %
First Trust NASDAQ Rising Dividend Achievers stock traded up $0.72 during midday trading on Wednesday, hitting $59.33. The company's stock had a trading volume of 879,953 shares, compared to its average volume of 769,103. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $52.78 and a 12 month high of $64.63. The company has a market capitalization of $12.94 billion, a PE ratio of 14.78 and a beta of 1.15. The stock's 50-day moving average price is $61.21 and its 200-day moving average price is $60.56.
Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers
Hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at $105,000. Apollon Wealth Management LLC raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,762 shares of the company's stock worth $1,111,000 after buying an additional 331 shares during the period. SRS Capital Advisors Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 24.7% during the third quarter. SRS Capital Advisors Inc. now owns 310,484 shares of the company's stock valued at $18,384,000 after buying an additional 61,430 shares in the last quarter. Claro Advisors LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the third quarter. Claro Advisors LLC now owns 62,771 shares of the company's stock worth $3,717,000 after acquiring an additional 14,235 shares in the last quarter. Finally, MAI Capital Management lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 22.0% in the 3rd quarter. MAI Capital Management now owns 14,715 shares of the company's stock valued at $871,000 after acquiring an additional 2,657 shares in the last quarter.
About First Trust NASDAQ Rising Dividend Achievers
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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.
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