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:SDVYGet Rating) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 50,600 shares, a decrease of 58.7% from the April 30th total of 122,500 shares. Based on an average daily trading volume, of 256,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust SMID Cap Rising Dividend Archievers ETF

Several institutional investors and hedge funds have recently bought and sold shares of SDVY. Purus Wealth Management LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 4th quarter. Purus Wealth Management LLC now owns 32,982 shares of the company’s stock worth $859,000 after buying an additional 385 shares in the last quarter. Objective Capital Management LLC grew its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 4.4% in the 4th quarter. Objective Capital Management LLC now owns 10,457 shares of the company’s stock worth $272,000 after buying an additional 438 shares in the last quarter. Moors & Cabot Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 4.4% in the first quarter. Moors & Cabot Inc. now owns 10,934 shares of the company’s stock worth $291,000 after purchasing an additional 456 shares during the period. Cozad Asset Management Inc. lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 0.7% in the first quarter. Cozad Asset Management Inc. now owns 65,779 shares of the company’s stock worth $1,753,000 after purchasing an additional 482 shares during the period. Finally, Cottonwood Capital Advisors LLC lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 4.8% in the first quarter. Cottonwood Capital Advisors LLC now owns 11,254 shares of the company’s stock worth $300,000 after purchasing an additional 514 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Up 1.1 %

NASDAQ SDVY traded up $0.28 on Friday, hitting $26.15. 498,211 shares of the stock traded hands, compared to its average volume of 269,259. The stock has a 50-day moving average of $25.79 and a 200 day moving average of $26.66. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $22.77 and a twelve month high of $29.89. The company has a market capitalization of $1.05 billion, a P/E ratio of 7.66 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were paid a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, March 24th.

About First Trust SMID Cap Rising Dividend Archievers ETF

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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.

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