First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Decline in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 206,000 shares, a drop of 28.0% from the January 31st total of 286,000 shares. Based on an average daily volume of 901,100 shares, the short-interest ratio is presently 0.2 days.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.7 %

NASDAQ RDVY traded down $0.40 on Monday, hitting $61.07. 549,310 shares of the stock were exchanged, compared to its average volume of 967,922. The company has a 50-day moving average price of $61.39 and a 200-day moving average price of $60.47. The company has a market cap of $13.32 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its stake in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 3rd quarter. Stephens Inc. AR now owns 46,209 shares of the company’s stock worth $2,736,000 after buying an additional 455 shares during the last quarter. TrueWealth Advisors LLC increased its stake in First Trust NASDAQ Rising Dividend Achievers by 22.4% in the third quarter. TrueWealth Advisors LLC now owns 34,245 shares of the company’s stock valued at $2,028,000 after purchasing an additional 6,264 shares during the period. World Equity Group Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 15.7% in the third quarter. World Equity Group Inc. now owns 44,992 shares of the company’s stock valued at $2,664,000 after buying an additional 6,090 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.4% during the third quarter. Moloney Securities Asset Management LLC now owns 16,630 shares of the company’s stock worth $985,000 after buying an additional 1,840 shares during the last quarter. Finally, Clarity Capital Partners LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 8.3% in the 3rd quarter. Clarity Capital Partners LLC now owns 15,682 shares of the company’s stock valued at $929,000 after acquiring an additional 1,198 shares during the period.

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.