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

First Trust SMID Cap Rising Dividend Achievers ETF (NASDAQ:SDVY) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 103,200 shares, a drop of 79.9% from the December 15th total of 513,000 shares. Based on an average trading volume of 192,200 shares, the short-interest ratio is currently 0.5 days.

SDVY opened at $30.59 on Friday. First Trust SMID Cap Rising Dividend Achievers ETF has a 12 month low of $24.11 and a 12 month high of $31.06. The stock has a 50-day moving average of $30.09 and a 200 day moving average of $29.41.

The business also recently declared a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Monday, December 27th were given a $0.125 dividend. The ex-dividend date was Thursday, December 23rd. This represents a $0.50 annualized dividend and a yield of 1.63%. This is a positive change from First Trust SMID Cap Rising Dividend Achievers ETF’s previous quarterly dividend of $0.08.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new position in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $30,000. Stonebridge Financial Planning Group LLC lifted its stake in First Trust SMID Cap Rising Dividend Achievers ETF by 66.7% in the third quarter. Stonebridge Financial Planning Group LLC now owns 1,500 shares of the company’s stock worth $46,000 after purchasing an additional 600 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the third quarter worth about $47,000. Advisory Services Network LLC bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $48,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in First Trust SMID Cap Rising Dividend Achievers ETF in the second quarter worth about $56,000.

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