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

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Get Free Report) experienced a notable rise in short interest throughout February. As of February 28th, short interest reached 347,100 shares, marking an increase of 68.5% from the total of 206,000 shares reported on February 13th. Currently, only 0.2% of the company's total shares are short sold. With an average daily trading volume of 975,000 shares, the short-interest ratio stands at 0.4 days.

Institutional Inflows and Outflows

In recent times, several hedge funds and large institutional investors have adjusted their holdings in the First Trust NASDAQ Rising Dividend Achievers. For instance, MBE Wealth Management LLC has increased its ownership by 4.2% during the fourth quarter, bringing its total to 4,057 shares valued at $240,000 after acquiring 163 additional shares. Similarly, Trueblood Wealth Management LLC raised its stake by 1.4% in the same period, now owning 12,233 shares worth $723,000 after purchasing an extra 167 shares.

Pacific Sun Financial Corp also increased its position by 2.9%, resulting in ownership of 6,090 shares valued at $360,000 after adding 170 shares. Continuum Advisory LLC grew its stake by 1.7%, now owning 10,589 shares worth $626,000 after an increase of 173 shares. Additionally, Crewe Advisors LLC boosted its investment by 12.5% in the third quarter, bringing its total to 1,635 shares valued at $97,000 following the purchase of 182 shares.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

On Friday, the stock of NASDAQ:RDVY saw an increase of 2.1%, trading at $58.45 with a volume of 790,490 shares compared to its average volume of 758,993 shares. Over the past year, the stock has experienced a low of $52.78 and a high of $64.63. Its fifty-day moving average is currently $61.27, and the 200-day moving average stands at $60.53. The company also boasts a market capitalization of $12.75 billion, a PE ratio of 14.78, and a beta of 1.15.

Overview of First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund linked to the NASDAQ US Rising Dividend Achievers index. The fund focuses on an index composed of 50 large-cap stocks recognized for their increasing and high-quality dividends. Launched on January 6, 2014, this fund is managed by First Trust.

Should You Invest in First Trust NASDAQ Rising Dividend Achievers?

Before making any investment decisions regarding First Trust NASDAQ Rising Dividend Achievers, it is prudent to gather more information. Analysts tracking Wall Street's top stocks have highlighted several recommendations, and it is worth noting that First Trust NASDAQ Rising Dividend Achievers is not currently among the top picks. While it holds a Hold rating among analysts, there are other stocks they suggest could offer better investment opportunities.

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