First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) Short Interest Up 66.9% in April

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 209,900 shares, a growth of 66.9% from the March 31st total of 125,800 shares. Based on an average trading volume of 1,115,800 shares, the days-to-cover ratio is currently 0.2 days.

First Trust SMID Cap Rising Dividend Achievers ETF Stock Up 0.1 %

Shares of SDVY stock traded up $0.02 during mid-day trading on Friday, reaching $33.30. The stock had a trading volume of 981,122 shares, compared to its average volume of 1,111,078. The firm’s 50 day simple moving average is $33.38 and its 200 day simple moving average is $31.46. First Trust SMID Cap Rising Dividend Achievers ETF has a one year low of $24.70 and a one year high of $34.96. The firm has a market cap of $4.02 billion, a PE ratio of 7.97 and a beta of 1.15.

First Trust SMID Cap Rising Dividend Achievers ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.1032 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.24%.

Hedge Funds Weigh In On First Trust SMID Cap Rising Dividend Achievers ETF

A number of hedge funds have recently modified their holdings of the stock. Trueblood Wealth Management LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 7.1% in the 1st quarter. Trueblood Wealth Management LLC now owns 59,888 shares of the company’s stock worth $2,085,000 after buying an additional 3,993 shares in the last quarter. Cottonwood Capital Advisors LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 5.4% in the 1st quarter. Cottonwood Capital Advisors LLC now owns 11,955 shares of the company’s stock worth $392,000 after buying an additional 612 shares in the last quarter. SFG Wealth Management LLC. raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 8.3% in the 1st quarter. SFG Wealth Management LLC. now owns 21,698 shares of the company’s stock worth $756,000 after buying an additional 1,655 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of First Trust SMID Cap Rising Dividend Achievers ETF by 96.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 91,355 shares of the company’s stock worth $3,181,000 after buying an additional 44,854 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of First Trust SMID Cap Rising Dividend Achievers ETF in the 1st quarter worth approximately $1,081,000.

First Trust SMID Cap Rising Dividend Achievers 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.