First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Large Drop in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 155,600 shares, a decrease of 25.6% from the February 13th total of 209,200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,797,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Keystone Financial Services LLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth $574,000. Centaurus Financial Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $110,000. Arcadia Wealth Management Inc. acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $1,042,000. Park Square Financial Group LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter valued at $31,000. Finally, LM Advisors LLC grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 114.4% during the fourth quarter. LM Advisors LLC now owns 21,180 shares of the company’s stock valued at $760,000 after buying an additional 11,300 shares during the period.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

NASDAQ:SDVY traded down $0.11 during midday trading on Monday, reaching $33.19. 236,818 shares of the stock traded hands, compared to its average volume of 1,877,045. First Trust SMID Cap Rising Dividend Archievers ETF has a 12-month low of $32.22 and a 12-month high of $40.60. The business has a 50-day moving average of $36.14 and a two-hundred day moving average of $36.62. The stock has a market capitalization of $7.40 billion, a PE ratio of 13.44 and a beta of 1.18.

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.