First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 328,500 shares, an increase of 41.8% from the July 31st total of 231,600 shares. Based on an average daily trading volume, of 701,700 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in First Trust NASDAQ Rising Dividend Achievers by 24,700.0% during the first quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after buying an additional 494 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth about $29,000. Kings Path Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $31,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 1st quarter valued at about $34,000. Finally, Rothschild Investment LLC acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter worth approximately $34,000.
First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6 %
Shares of RDVY stock traded up $0.33 during trading hours on Thursday, hitting $58.25. 662,598 shares of the company’s stock traded hands, compared to its average volume of 738,939. The stock has a market cap of $11.59 billion, a PE ratio of 10.08 and a beta of 1.15. The stock’s 50 day simple moving average is $56.20 and its 200 day simple moving average is $54.94. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $43.30 and a 12 month high of $59.07.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
About First Trust NASDAQ Rising Dividend Achievers
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.
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