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) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 77,500 shares, a decline of 50.1% from the December 15th total of 155,300 shares. Based on an average daily volume of 1,597,100 shares, the short-interest ratio is presently 0.0 days.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY traded up $0.12 during trading hours on Thursday, hitting $37.43. The stock had a trading volume of 1,895,616 shares, compared to its average volume of 1,724,062. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $30.93 and a 1-year high of $40.60. The firm has a market capitalization of $8.04 billion, a P/E ratio of 8.30 and a beta of 1.18. The firm has a 50 day simple moving average of $37.63 and a 200-day simple moving average of $36.17.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1821 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth approximately $27,000. Grove Bank & Trust purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth $27,000. Icon Wealth Advisors LLC bought a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter worth $30,000. ORG Partners LLC bought a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at about $73,000. Finally, Wolff Wiese Magana LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth about $72,000.

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.