Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Expands By 68.5%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 347,100 shares, a growth of 68.5% from the February 13th total of 206,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 975,000 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDVY. MBE Wealth Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock valued at $240,000 after buying an additional 163 shares in the last quarter. Trueblood Wealth Management LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock worth $723,000 after purchasing an additional 167 shares during the period. Pacific Sun Financial Corp increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock worth $360,000 after purchasing an additional 170 shares during the period. Continuum Advisory LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.7% in the 4th quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock valued at $626,000 after acquiring an additional 173 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after acquiring an additional 182 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY traded up $1.23 during mid-day trading on Friday, reaching $58.45. 790,490 shares of the company traded hands, compared to its average volume of 759,697. The company’s 50 day moving average price is $61.27 and its 200-day moving average price is $60.55. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $52.78 and a 52 week high of $64.63. The firm has a market cap of $12.75 billion, a PE ratio of 14.78 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Company Profile

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.