First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Sees Significant Decrease in Short Interest

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 227,700 shares, a decline of 29.6% from the June 15th total of 323,400 shares. Based on an average trading volume of 892,500 shares, the short-interest ratio is currently 0.3 days.

First Trust SMID Cap Rising Dividend Archievers ETF Price Performance

Shares of SDVY stock traded up $0.56 during trading hours on Monday, hitting $35.07. The company had a trading volume of 365,191 shares, compared to its average volume of 1,023,889. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $26.40 and a fifty-two week high of $35.07. The company’s fifty day moving average is $33.72 and its 200 day moving average is $33.17. The stock has a market capitalization of $4.91 billion, a PE ratio of 8.30 and a beta of 1.18.

First Trust SMID Cap Rising Dividend Archievers ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.1503 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.71%.

Institutional Investors Weigh In On First Trust SMID Cap Rising Dividend Archievers ETF

Institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at about $32,000. Harbor Investment Advisory LLC grew its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 123.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 970 shares of the company’s stock valued at $32,000 after purchasing an additional 535 shares in the last quarter. Mather Group LLC. purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC purchased a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter worth approximately $34,000. Finally, VitalStone Financial LLC acquired a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $39,000.

About First Trust SMID Cap Rising Dividend Archievers ETF

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.