First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Significant Decrease in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 286,000 shares, a decrease of 27.6% from the January 15th total of 395,300 shares. Based on an average trading volume of 873,900 shares, the days-to-cover ratio is currently 0.3 days.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.5 %

RDVY stock traded up $0.33 during trading on Friday, reaching $62.58. The stock had a trading volume of 168,899 shares, compared to its average volume of 975,517. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $51.39 and a 52 week high of $64.63. The stock’s 50 day moving average is $61.19 and its two-hundred day moving average is $59.92. The firm has a market cap of $13.65 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Spectrum Wealth Advisory Group LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter valued at about $12,392,000. D.A. Davidson & CO. increased its position in First Trust NASDAQ Rising Dividend Achievers by 4.5% in the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock worth $39,918,000 after buying an additional 29,294 shares in the last quarter. Claro Advisors LLC grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% during the third quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after purchasing an additional 14,235 shares in the last quarter. Elios Financial Group Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at approximately $6,731,000. Finally, ORG Partners LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares during the last quarter.

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.