FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Shares Shorted: Short Interest Up 59.7% in September

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 144,453 shares, a growth of 59.7% from the September 15th total of 90,473 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,632,821 shares, the short-interest ratio is presently 0.1 days.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of BATS:RDVI opened at $28.22 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a 1 year low of $24.77 and a 1 year high of $30.08. The stock has a market capitalization of $2.33 billion, a P/E ratio of 16.57 and a beta of 1.03. The stock has a 50-day simple moving average of $28.78 and a 200-day simple moving average of $28.28.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Archer Investment Corp grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the first quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock worth $30,000 after buying an additional 385 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter worth $50,000. IMG Wealth Management Inc. increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% in the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after acquiring an additional 404 shares in the last quarter. Parallel Advisors LLC increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 117.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $84,000 after acquiring an additional 1,782 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 32.9% in the 2nd quarter. Allworth Financial LP now owns 4,243 shares of the company’s stock valued at $125,000 after acquiring an additional 1,050 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.