FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) Shares Shorted: Short Interest Down 75.5% in September

FT Vest SMID Rising Dividend Achievers Target Income ETF (BATS:SDVD) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 51,117 shares, a drop of 75.5% from the September 15th total of 208,693 shares. Based on an average daily volume of 230,488 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On FT Vest SMID Rising Dividend Achievers Target Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Faithward Advisors LLC lifted its holdings in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 7.3% in the first quarter. Faithward Advisors LLC now owns 12,328 shares of the company’s stock worth $268,000 after buying an additional 834 shares in the last quarter. TrueWealth Advisors LLC boosted its position in shares of FT Vest SMID Rising Dividend Achievers Target Income ETF by 2.8% during the second quarter. TrueWealth Advisors LLC now owns 36,760 shares of the company’s stock worth $849,000 after acquiring an additional 1,011 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in FT Vest SMID Rising Dividend Achievers Target Income ETF by 100.0% during the first quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $52,000 after acquiring an additional 1,200 shares in the last quarter. Arkadios Wealth Advisors grew its stake in FT Vest SMID Rising Dividend Achievers Target Income ETF by 16.2% during the first quarter. Arkadios Wealth Advisors now owns 11,844 shares of the company’s stock valued at $257,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in FT Vest SMID Rising Dividend Achievers Target Income ETF by 80.0% during the first quarter. Sunbelt Securities Inc. now owns 4,500 shares of the company’s stock valued at $98,000 after acquiring an additional 2,000 shares in the last quarter.

FT Vest SMID Rising Dividend Achievers Target Income ETF Trading Up 0.2%

Shares of SDVD opened at $22.00 on Tuesday. The business’s 50 day moving average is $22.79 and its 200 day moving average is $22.73. FT Vest SMID Rising Dividend Achievers Target Income ETF has a 12-month low of $20.55 and a 12-month high of $24.06. The company has a market capitalization of $541.20 million, a PE ratio of 14.54 and a beta of 1.09.

About FT Vest SMID Rising Dividend Achievers Target Income ETF

The FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying small- and mid-cap companies. The fund also utilizes a naked call writing option strategy on the Russell 2000 Index (RUT) or related ETFs. SDVD was launched on Aug 9, 2023 and is issued by First Trust.