First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Sees Large Increase in Short Interest

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 463,600 shares, an increase of 241.9% from the December 31st total of 135,600 shares. Based on an average trading volume of 738,400 shares, the days-to-cover ratio is presently 0.6 days.

First Trust NASDAQ Rising Dividend Achievers Price Performance

First Trust NASDAQ Rising Dividend Achievers stock traded up $0.31 during mid-day trading on Wednesday, reaching $62.88. 373,477 shares of the stock traded hands, compared to its average volume of 917,126. The stock has a market capitalization of $13.63 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63. The business’s 50-day moving average is $61.49 and its 200-day moving average is $59.53.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,796.9% during the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock valued at $402,823,000 after purchasing an additional 6,687,924 shares during the period. LPL Financial LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.9% during the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock valued at $1,203,528,000 after purchasing an additional 953,708 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock valued at $66,838,000 after purchasing an additional 650,194 shares during the period. Commonwealth Equity Services LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock valued at $309,720,000 after purchasing an additional 596,099 shares during the period. Finally, HighTower Advisors LLC grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 47.3% during the third quarter. HighTower Advisors LLC now owns 1,267,282 shares of the company’s stock valued at $75,007,000 after purchasing an additional 406,747 shares during the period.

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.