First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Sees Significant Growth in Short Interest

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 213,753 shares, a growth of 72.3% from the September 15th total of 124,078 shares. Based on an average daily trading volume, of 912,166 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 9,463,585 shares of the company’s stock worth $373,149,000 after purchasing an additional 564,137 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 7,943,362 shares of the company’s stock valued at $313,207,000 after purchasing an additional 227,423 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 6,670,911 shares of the company’s stock valued at $263,034,000 after purchasing an additional 322,622 shares during the period. Park National Corp OH lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 1.5% in the third quarter. Park National Corp OH now owns 3,584,904 shares of the company’s stock valued at $145,475,000 after purchasing an additional 54,366 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 4.2% in the second quarter. Baird Financial Group Inc. now owns 1,760,339 shares of the company’s stock valued at $75,941,000 after purchasing an additional 71,063 shares during the period.

First Trust SMID Cap Rising Dividend Achievers ETF Trading Up 1.2%

Shares of SDVY traded up $0.47 during mid-day trading on Thursday, hitting $41.56. 471,807 shares of the company’s stock were exchanged, compared to its average volume of 1,285,407. First Trust SMID Cap Rising Dividend Achievers ETF has a fifty-two week low of $36.40 and a fifty-two week high of $45.11. The firm has a market capitalization of $11.00 billion, a P/E ratio of 14.54 and a beta of 1.01. The business’s 50 day moving average is $42.68 and its two-hundred day moving average is $42.29.

First Trust SMID Cap Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1002 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.0901.

First Trust SMID Cap Rising Dividend Achievers 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.