First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 37.1% in July

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,678 shares, a decrease of 37.1% from the July 15th total of 9,022 shares. Based on an average daily volume of 15,798 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

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

A number of institutional investors have recently bought and sold shares of DDIV. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock valued at $364,000 after acquiring an additional 1,041 shares during the last quarter. UBS Group AG raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 25.3% during the third quarter. UBS Group AG now owns 20,251 shares of the company’s stock worth $814,000 after purchasing an additional 4,095 shares during the last quarter. Raymond James Financial Inc. lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% during the third quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock valued at $937,000 after purchasing an additional 2,285 shares during the period. Bank of America Corp DE boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% in the third quarter. Bank of America Corp DE now owns 20,131 shares of the company’s stock valued at $809,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock worth $3,309,000 after purchasing an additional 45,324 shares during the period.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Down 0.4%

Shares of NASDAQ DDIV traded down $0.20 during midday trading on Tuesday, reaching $47.48. The company had a trading volume of 4,985 shares, compared to its average volume of 6,144. First Trust Dorsey Wright Momentum & Dividend ETF has a 1 year low of $38.60 and a 1 year high of $47.84. The business’s 50-day simple moving average is $46.26 and its 200 day simple moving average is $44.12. The stock has a market cap of $75.97 million, a P/E ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1843 dividend. This is an increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, June 25th.

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.