First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Down 27.6% in October

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 253,300 shares, a drop of 27.6% from the October 15th total of 349,700 shares. Based on an average daily volume of 1,133,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust SMID Cap Rising Dividend Archievers ETF

Several large investors have recently made changes to their positions in SDVY. Continuum Advisory LLC raised its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 16.2% during the 3rd quarter. Continuum Advisory LLC now owns 67,478 shares of the company’s stock valued at $2,584,000 after buying an additional 9,403 shares during the last quarter. LRI Investments LLC purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at approximately $574,000. Y Intercept Hong Kong Ltd purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter valued at approximately $3,642,000. MML Investors Services LLC lifted its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 12.0% in the third quarter. MML Investors Services LLC now owns 1,130,306 shares of the company’s stock valued at $41,121,000 after buying an additional 120,714 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of First Trust SMID Cap Rising Dividend Archievers ETF during the third quarter worth approximately $27,000.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Down 0.5 %

Shares of First Trust SMID Cap Rising Dividend Archievers ETF stock traded down $0.21 on Friday, reaching $38.09. 1,203,025 shares of the stock were exchanged, compared to its average volume of 1,141,543. The business has a 50 day moving average price of $36.47 and a two-hundred day moving average price of $35.04. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a twelve month low of $28.60 and a twelve month high of $39.24.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1383 per share. This represents a $0.55 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, September 26th.

First Trust SMID Cap Rising Dividend Archievers 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.