( ) saw a notable decrease in short-term interest during the month May. On May 15th there were 50,600 short shares. This is a 58.7% decrease from the total of 122,500 on April 30th. The days-to-cover is currently 0.2 days based on a daily average trading volume of 256400 shares.
First Trust SMID cap Rising Dividend Archievers eTF: Institutional Trading
SDVY shares were recently purchased and sold by several hedge funds. FMR LLC increased its stake in First Trust SMID Capital Rising Dividend Archievers Fund by 171.9% during the first quarter. FMR LLC owns 968 of the company stock, valued at $26,000. This is after buying an additional 612 share during the last quarter. TimeScale Financial Inc. acquired a new stake of about $35,000 in First Trust SMID Capital Rising Dividend Archievers ETF in the first quarter. Raleigh Capital Management Inc. increased its holdings of First Trust SMID Capital Rising Dividend Archievers ETF by 100.5% during the fourth quarter. Raleigh Capital Management Inc. owns 1,624 of the company stock, worth $42,000. This is after purchasing 814 additional shares during the last quarter. WealthPLAN Partners LLC acquired a stake in First Trust's SMID Cap Growing Dividend Archievers Fund in the first three months valued at $49,000. Blair William & Co. IL increased its stake in First Trust's SMID Cap Growing Dividend Archievers Fund by 276.7% during the first quarter. The price of the stock rose by $0.28 at midday on Friday to $26.15. The company exchanged 498,211 of its shares, as opposed to the average of 269 259. First Trust SMID cap Rising DividendArchievers ETF's 52-week low is $22.77, and its 52-week high is $29.89. The stock's fifty-day simple moving is $25.79, and its two hundred day simple moving is $26.66. The company has a $1.05 billion market cap, a PE of 7.66, and a beta value of 1.18.
First Trust SMID cap Rising Dividend Archievers eTF cuts dividend
A quarterly dividend was also announced by the company and paid out on March 31st. Dividends of $0.132 were paid to investors who had shares in their records on Monday, the 27th of March. This is a $0.53 dividend annualized and a yield of 2.02%. This dividend became ex-dividend on Friday, March 24th.
About First Trust SMID cap Rising Dividend Archievers Fund
First Trust SMID-Cap Rising Dividend Achievers (SDVY), an exchange traded fund, invests primarily in extended equity. The fund tracks a weighted equal index of US small and mid-cap companies that have historically increased dividends, and meet other fundamental criteria. SDVY, which was launched by First Trust on November 1, 2017, is a fund that tracks an equal-weighted index of small and mid-cap US companies with historically increasing dividends.
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