Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Drops By 54.0%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 11,449 shares, a decline of 54.0% from the June 15th total of 24,888 shares. Based on an average trading volume of 11,627 shares, the short-interest ratio is presently 1.0 days. Approximately 1.0% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% in the 4th quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock worth $6,280,000 after purchasing an additional 17,450 shares during the period. LPL Financial LLC grew its position in First Trust Dorsey Wright Momentum & Value ETF by 37.4% during the fourth quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock valued at $2,085,000 after buying an additional 15,884 shares during the period. Susquehanna International Group LLP grew its position in First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock valued at $1,391,000 after buying an additional 12,088 shares during the period. Equitable Holdings Inc. bought a new stake in First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter valued at approximately $315,000. Finally, Commonwealth Equity Services LLC increased its holdings in First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after buying an additional 7,765 shares during the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

First Trust Dorsey Wright Momentum & Value ETF stock traded up $0.14 during mid-day trading on Tuesday, reaching $40.64. 5,158 shares of the stock traded hands, compared to its average volume of 6,400. The stock has a market capitalization of $46.74 million, a PE ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $29.40 and a 12-month high of $40.89. The business’s 50-day moving average is $38.86 and its 200-day moving average is $37.00.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.0992 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 1.0%.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

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.