First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Down 35.5% in March

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 100,400 shares, a drop of 35.5% from the February 28th total of 155,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,795,200 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust SMID Cap Rising Dividend Archievers ETF

A number of institutional investors have recently modified their holdings of SDVY. Farmers & Merchants Investments Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at about $26,000. National Bank of Canada FI purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at approximately $27,000. Grove Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at approximately $27,000. Pineridge Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during the fourth quarter. Pineridge Advisors LLC now owns 762 shares of the company’s stock valued at $27,000 after acquiring an additional 443 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY traded down $0.61 during trading on Friday, reaching $33.39. The stock had a trading volume of 1,457,906 shares, compared to its average volume of 1,378,643. The business has a 50-day moving average of $35.62 and a 200-day moving average of $36.51. First Trust SMID Cap Rising Dividend Archievers ETF has a one year low of $32.22 and a one year high of $40.60. The stock has a market cap of $7.44 billion, a PE ratio of 13.43 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.1576 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.89%. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 27th.

About First Trust SMID Cap Rising Dividend Archievers ETF

The First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an equal-weighted index of small- and mid-cap US companies with historically increasing dividends and that meet various fundamental criteria. SDVY was launched on Nov 1, 2017 and is managed by First Trust.