First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

The First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) experienced a notable increase in short interest during February. By February 28th, the total short interest had risen to 347,100 shares, marking a substantial rise of 68.5% from 206,000 shares reported on February 13th. Currently, approximately 0.2% of the stock's shares are short sold. Given the average daily trading volume of 975,000 shares, the short-interest ratio stands at 0.4 days.

Institutional Inflows and Outflows

Recent activity among institutional investors indicates a mixed sentiment towards RDVY. MBE Wealth Management LLC has increased its stake in the company by 4.2% in the last quarter, now holding 4,057 shares valued at $240,000 after acquiring 163 additional shares. Similarly, Trueblood Wealth Management LLC upped its stake by 1.4%, bringing its total to 12,233 shares valued at $723,000 following the purchase of 167 shares. Pacific Sun Financial Corp also increased its stake by 2.9%, acquiring 6,090 shares worth $360,000 after buying 170 shares more. Continuum Advisory LLC raised its holdings by 1.7%, owning 10,589 shares now valued at $626,000 after an additional acquisition of 173 shares. Additionally, Crewe Advisors LLC increased its holdings by 12.5% during the previous quarter, now owning 1,635 shares valued at $97,000 after purchasing 182 new shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

On Friday, RDVY saw an increase of 2.1%, trading at $58.45. The trading volume was 790,490 shares, which is higher than the average volume of 758,993. The stock has recorded a 52-week low of $52.78 and a high of $64.63. Its fifty-day moving average price is $61.27, while the 200-day moving average price is $60.53. The company's total market capitalization is $12.75 billion, with a price-to-earnings (PE) ratio of 14.78 and a beta of 1.15.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that tracks the NASDAQ US Rising Dividend Achievers index. This fund focuses on 50 large-cap stocks known for their rising, high-quality dividends. Launched on January 6, 2014, it is managed by First Trust.

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This news alert compiles financial information to provide an accurate picture of recent market developments. It has been reviewed for accuracy before dissemination.

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