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) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 185,700 shares, a drop of 26.7% from the October 31st total of 253,300 shares. Based on an average daily trading volume, of 1,357,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SDVY. Avidian Wealth Enterprises LLC grew its stake in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 2.0% during the third quarter. Avidian Wealth Enterprises LLC now owns 15,054 shares of the company’s stock worth $548,000 after purchasing an additional 295 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in First Trust SMID Cap Rising Dividend Archievers ETF by 0.8% during the 3rd quarter. Legacy Capital Group California Inc. now owns 45,225 shares of the company’s stock worth $1,645,000 after buying an additional 343 shares during the last quarter. Second Half Financial Partners LLC boosted its position in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 3.9% during the 3rd quarter. Second Half Financial Partners LLC now owns 9,740 shares of the company’s stock worth $354,000 after acquiring an additional 365 shares in the last quarter. CX Institutional increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 0.4% in the 3rd quarter. CX Institutional now owns 94,576 shares of the company’s stock valued at $3,441,000 after acquiring an additional 383 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of First Trust SMID Cap Rising Dividend Archievers ETF by 1.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,085 shares of the company’s stock valued at $1,205,000 after acquiring an additional 417 shares during the last quarter.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

Shares of SDVY traded up $0.11 during mid-day trading on Friday, hitting $39.95. 895,857 shares of the company’s stock were exchanged, compared to its average volume of 1,189,256. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.30 and a beta of 1.18. First Trust SMID Cap Rising Dividend Archievers ETF has a fifty-two week low of $29.18 and a fifty-two week high of $40.60. The stock’s 50-day moving average is $37.24 and its 200-day moving average is $35.38.

First Trust SMID Cap Rising Dividend Archievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1383 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.55 annualized dividend and a dividend yield of 1.38%.

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.