First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Short Interest Up 83.0% in March

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 189,929 shares, an increase of 83.0% from the March 15th total of 103,762 shares. Based on an average daily volume of 1,679,278 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Rising Dividend Achievers ETF Trading Up 0.5%

Shares of NASDAQ:RDVY opened at $73.44 on Wednesday. First Trust Rising Dividend Achievers ETF has a 52 week low of $52.88 and a 52 week high of $73.57. The company’s 50 day moving average is $70.69 and its two-hundred day moving average is $69.64. The company has a market cap of $21.41 billion, a PE ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Investors Weigh In On First Trust Rising Dividend Achievers ETF

A number of large investors have recently modified their holdings of RDVY. LPL Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares during the last quarter. Morgan Stanley grew its position in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after buying an additional 940,590 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the last quarter.

First Trust Rising Dividend Achievers ETF 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.