First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Get Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 231,600 shares, a decline of 40.6% from the July 15th total of 390,000 shares. Based on an average daily trading volume, of 702,300 shares, the days-to-cover ratio is presently 0.3 days.
First Trust NASDAQ Rising Dividend Achievers Stock Up 1.2 %
Shares of RDVY stock traded up $0.68 during trading hours on Tuesday, reaching $55.60. 461,242 shares of the company’s stock were exchanged, compared to its average volume of 748,736. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $59.07. The stock has a market capitalization of $11.06 billion, a P/E ratio of 10.08 and a beta of 1.15. The business has a fifty day moving average price of $55.52 and a 200-day moving average price of $54.46.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.2616 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.88%.
Institutional Inflows and Outflows
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.
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