First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Up 141.3% in December

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 135,600 shares, a growth of 141.3% from the November 30th total of 56,200 shares. Based on an average daily volume of 722,800 shares, the short-interest ratio is currently 0.2 days.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.8 %

NASDAQ:RDVY traded down $0.48 during trading hours on Friday, hitting $59.55. 901,260 shares of the company were exchanged, compared to its average volume of 726,036. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $49.60 and a one year high of $64.63. The company has a fifty day simple moving average of $61.53 and a 200 day simple moving average of $58.51.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.2956 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Several institutional investors have recently added to or reduced their stakes in RDVY. Headlands Technologies LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth approximately $29,000. Kings Path Partners LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers during the second quarter valued at $31,000. Rothschild Investment LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter worth about $34,000. Hazlett Burt & Watson Inc. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 54.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 740 shares of the company’s stock valued at $40,000 after purchasing an additional 260 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 2nd quarter valued at about $48,000.

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.