First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Down 27.6% in October

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 253,300 shares, a drop of 27.6% from the October 15th total of 349,700 shares. Based on an average daily trading volume, of 1,133,300 shares, the days-to-cover ratio is presently 0.2 days.

First Trust SMID Cap Rising Dividend Archievers ETF Trading Down 0.5 %

SDVY traded down $0.21 on Friday, hitting $38.09. 1,203,025 shares of the stock traded hands, compared to its average volume of 1,141,543. The business has a fifty day moving average price of $36.47 and a two-hundred day moving average price of $35.04. The firm has a market capitalization of $6.67 billion, a PE ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a 52 week low of $28.60 and a 52 week high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.1383 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, September 26th.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Archievers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in First Trust SMID Cap Rising Dividend Archievers ETF by 7.6% in the 1st quarter. Osaic Holdings Inc. now owns 1,769,500 shares of the company’s stock valued at $61,619,000 after acquiring an additional 125,091 shares in the last quarter. Fifth Third Bancorp bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth about $298,000. Park National Corp OH lifted its position in First Trust SMID Cap Rising Dividend Archievers ETF by 292.0% during the 3rd quarter. Park National Corp OH now owns 2,531,035 shares of the company’s stock valued at $92,079,000 after purchasing an additional 1,885,435 shares during the period. Cherry Creek Investment Advisors Inc. boosted its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 8.8% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 86,313 shares of the company’s stock valued at $3,140,000 after purchasing an additional 6,973 shares during the last quarter. Finally, Triton Wealth Management PLLC acquired a new stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the 3rd quarter worth approximately $237,000.

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.