First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Update

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

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

SDVY traded down $0.61 during trading on Friday, reaching $33.39. The stock had a trading volume of 1,457,906 shares, compared to its average volume of 1,378,643. The stock has a 50 day moving average of $35.62 and a two-hundred day moving average of $36.53. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 13.43 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 1-year low of $32.22 and a 1-year high of $40.60.

First Trust SMID Cap Rising Dividend Archievers ETF Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SDVY. Raymond James Financial Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF in the fourth quarter worth about $381,301,000. LPL Financial LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% in the 4th quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after purchasing an additional 3,948,772 shares in the last quarter. Wells Fargo & Company MN lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 20.6% during the fourth quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock valued at $456,447,000 after purchasing an additional 2,172,523 shares during the last quarter. Independent Advisor Alliance bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the fourth quarter worth approximately $50,719,000. Finally, Bank of America Corp DE grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 23.0% in the fourth quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock worth $254,501,000 after buying an additional 1,327,323 shares during the last quarter.

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.