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

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 155,600 shares, a decrease of 25.6% from the February 13th total of 209,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,797,100 shares, the days-to-cover ratio is presently 0.1 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of NASDAQ SDVY traded up $0.81 during midday trading on Friday, reaching $33.30. 2,029,737 shares of the company traded hands, compared to its average volume of 1,911,635. First Trust SMID Cap Rising Dividend Archievers ETF has a 12 month low of $32.22 and a 12 month high of $40.60. The stock’s 50-day simple moving average is $36.14 and its 200-day simple moving average is $36.61. The firm has a market cap of $7.42 billion, a PE ratio of 13.44 and a beta of 1.18.

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

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 22.0% during the fourth quarter. LPL Financial LLC now owns 21,935,886 shares of the company’s stock worth $786,401,000 after buying an additional 3,948,772 shares during the last quarter. Wells Fargo & Company MN grew its position in First Trust SMID Cap Rising Dividend Archievers ETF by 20.6% during the 4th quarter. Wells Fargo & Company MN now owns 12,732,120 shares of the company’s stock worth $456,447,000 after acquiring an additional 2,172,523 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust SMID Cap Rising Dividend Archievers ETF during the 4th quarter worth approximately $381,301,000. Bank of America Corp DE increased its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 23.0% during the 4th quarter. Bank of America Corp DE now owns 7,099,053 shares of the company’s stock valued at $254,501,000 after purchasing an additional 1,327,323 shares in the last quarter. Finally, Royal Bank of Canada raised its position in First Trust SMID Cap Rising Dividend Archievers ETF by 28.5% in the 4th quarter. Royal Bank of Canada now owns 5,599,081 shares of the company’s stock valued at $200,728,000 after purchasing an additional 1,241,896 shares during the last quarter.

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.