First Trust US Equity Dividend Select ETF (NASDAQ:RNDV) Short Interest Down 35.1% in August

First Trust US Equity Dividend Select ETF (NASDAQ:RNDV) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 8,500 shares, a decline of 35.1% from the August 15th total of 13,100 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 2.0 days.

NASDAQ:RNDV traded down $0.21 during trading hours on Monday, reaching $29.25. 1,500 shares of the stock were exchanged, compared to its average volume of 3,611. First Trust US Equity Dividend Select ETF has a twelve month low of $20.71 and a twelve month high of $33.04. The firm has a 50 day moving average of $29.70 and a 200 day moving average of $29.35.

A number of large investors have recently added to or reduced their stakes in RNDV. Citadel Advisors LLC acquired a new position in First Trust US Equity Dividend Select ETF during the 2nd quarter worth approximately $506,000. Commonwealth Equity Services LLC acquired a new position in First Trust US Equity Dividend Select ETF during the 1st quarter worth approximately $440,000. Private Advisor Group LLC acquired a new position in First Trust US Equity Dividend Select ETF during the 2nd quarter worth approximately $304,000. Goldman Sachs Group Inc. acquired a new position in First Trust US Equity Dividend Select ETF during the 2nd quarter worth approximately $206,000. Finally, LPL Financial LLC boosted its position in First Trust US Equity Dividend Select ETF by 17.7% during the 2nd quarter. LPL Financial LLC now owns 30,058 shares of the company’s stock worth $883,000 after acquiring an additional 4,527 shares during the last quarter.

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