First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 24,888 shares, a growth of 203.4% from the May 31st total of 8,203 shares. Based on an average daily volume of 3,616 shares, the short-interest ratio is currently 6.9 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DVLU. Cetera Investment Advisers increased its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after acquiring an additional 300 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in First Trust Dorsey Wright Momentum & Value ETF by 3.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock valued at $338,000 after acquiring an additional 349 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at approximately $44,000. Commonwealth Equity Services LLC boosted its stake in First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after purchasing an additional 7,765 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter valued at $315,000.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.2%

Shares of DVLU stock traded down $0.08 during trading hours on Friday, hitting $39.59. 842 shares of the company’s stock traded hands, compared to its average volume of 6,638. The stock’s fifty day simple moving average is $38.31 and its two-hundred day simple moving average is $36.70. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $29.40 and a 12-month high of $39.96. The stock has a market cap of $45.53 million, a price-to-earnings ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.0992 per share. The ex-dividend date is Thursday, June 25th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. This is an increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

About First Trust Dorsey Wright Momentum & Value ETF

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.