Short Interest in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Increases By 68.5%

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 347,100 shares, an increase of 68.5% from the February 13th total of 206,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 975,000 shares, the short-interest ratio is currently 0.4 days.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $58.45 on Monday. The company’s 50-day simple moving average is $61.27 and its two-hundred day simple moving average is $60.57. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15.

Hedge Funds Weigh In On First Trust NASDAQ Rising Dividend Achievers

Large investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $25,000. Summit Investment Advisors Inc. raised its holdings in First Trust NASDAQ Rising Dividend Achievers by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Graney & King LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at about $38,000. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth approximately $40,000.

First Trust NASDAQ Rising Dividend Achievers Company Profile

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.