First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Up 241.9% in December

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 463,600 shares, a growth of 241.9% from the December 15th total of 135,600 shares. Based on an average daily trading volume, of 738,400 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in First Trust NASDAQ Rising Dividend Achievers by 16.9% during the second quarter. Bank of New York Mellon Corp now owns 44,929 shares of the company's stock worth $2,460,000 after purchasing an additional 6,498 shares during the period. Headlands Technologies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at $29,000. Envestnet Asset Management Inc. raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company's stock worth $175,717,000 after acquiring an additional 159,003 shares in the last quarter. Perissos Private Wealth Management LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% during the 2nd quarter. Perissos Private Wealth Management LLC now owns 15,520 shares of the company's stock worth $850,000 after buying an additional 731 shares during the period. Finally, Total Clarity Wealth Management Inc. grew its position in First Trust NASDAQ Rising Dividend Achievers by 28.9% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 49,841 shares of the company's stock valued at $2,729,000 after purchasing an additional 11,175 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.7 %

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded up $0.40 during trading on Tuesday, reaching $60.23. The stock had a trading volume of 670,910 shares, compared to its average volume of 846,390. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $49.60 and a 52 week high of $64.63. The stock has a fifty day moving average price of $61.52 and a two-hundred day moving average price of $58.97.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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