First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Significant Decline in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 209,200 shares, a decrease of 16.9% from the January 31st total of 251,600 shares. Based on an average daily trading volume, of 1,755,200 shares, the days-to-cover ratio is presently 0.1 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 1.0 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock traded down $0.32 on Thursday, hitting $33.77. 287,072 shares of the company traded hands, compared to its average volume of 1,748,812. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $32.22 and a 12-month high of $40.60. The company has a market cap of $7.52 billion, a PE ratio of 12.91 and a beta of 1.18. The company has a 50-day moving average price of $36.50 and a 200 day moving average price of $36.71.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.1821 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SDVY. Farmers & Merchants Investments Inc. acquired a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $26,000. National Bank of Canada FI acquired a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter valued at about $27,000. Grove Bank & Trust bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter valued at approximately $27,000. Pineridge Advisors LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% in the 4th 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 acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the 4th quarter worth approximately $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Company Profile

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.