First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 900 shares, a drop of 99.2% from the July 31st total of 106,700 shares. Based on an average daily trading volume, of 10,200 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.1 %

Shares of First Trust Dorsey Wright Momentum & Dividend ETF stock opened at $35.95 on Wednesday. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $26.48 and a 12 month high of $36.01. The stock has a 50 day moving average of $34.30 and a 200 day moving average of $33.36. The firm has a market cap of $55.73 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2305 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Thursday, June 27th.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter worth $205,000. Raymond James & Associates purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth approximately $241,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,129 shares of the company’s stock worth $612,000 after acquiring an additional 872 shares during the last quarter.

About First Trust Dorsey Wright Momentum & Dividend ETF

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.