First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) Short Interest Up 220.2% in June

First Trust SMID Cap Rising Dividend Archievers ETF (NASDAQ:SDVY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 323,400 shares, a growth of 220.2% from the May 31st total of 101,000 shares. Based on an average daily volume of 897,400 shares, the days-to-cover ratio is currently 0.4 days.

First Trust SMID Cap Rising Dividend Archievers ETF Stock Performance

SDVY traded up $0.36 during trading on Friday, reaching $33.38. The company had a trading volume of 1,099,382 shares, compared to its average volume of 1,035,280. The firm’s 50-day simple moving average is $33.73 and its 200 day simple moving average is $33.12. The company has a market cap of $4.06 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 12-month low of $26.40 and a 12-month high of $34.97.

First Trust SMID Cap Rising Dividend Archievers ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.1503 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 1.80%.

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

Several institutional investors and hedge funds have recently bought and sold shares of SDVY. Wells Fargo & Company MN grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 81.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,477,768 shares of the company’s stock valued at $146,736,000 after acquiring an additional 2,009,597 shares in the last quarter. Truist Financial Corp grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 260.8% during the 3rd quarter. Truist Financial Corp now owns 2,167,156 shares of the company’s stock valued at $61,179,000 after acquiring an additional 1,566,457 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 205.3% during the 1st quarter. Cetera Investment Advisers now owns 1,840,629 shares of the company’s stock valued at $64,091,000 after acquiring an additional 1,237,801 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in First Trust SMID Cap Rising Dividend Archievers ETF by 54.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,430,439 shares of the company’s stock valued at $84,628,000 after acquiring an additional 853,848 shares in the last quarter. Finally, Horizon Advisory Services Inc. purchased a new position in First Trust SMID Cap Rising Dividend Archievers ETF during the 1st quarter valued at about $28,197,000.

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.