Short Interest in First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Drops By 35.5%

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 100,400 shares, a decrease of 35.5% from the February 28th total of 155,600 shares. Based on an average daily trading volume, of 1,795,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Archievers ETF

Institutional investors have recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at about $26,000. National Bank of Canada FI purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF in the 3rd quarter valued at approximately $27,000. Grove Bank & Trust bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter valued at $27,000. Pineridge Advisors LLC raised its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 138.9% during 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 during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth $29,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 1.8 %

NASDAQ SDVY traded down $0.61 on Friday, reaching $33.39. The company had a trading volume of 1,457,906 shares, compared to its average volume of 1,378,643. The stock has a market capitalization of $7.44 billion, a P/E ratio of 13.43 and a beta of 1.18. The company’s fifty day moving average is $35.62 and its 200 day moving average is $36.51. First Trust SMID Cap Rising Dividend Archievers ETF has a 52-week low of $32.22 and a 52-week high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.1576 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, March 27th. This is an increase from First Trust SMID Cap Rising Dividend Archievers ETF’s previous quarterly dividend of $0.14.

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.