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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 14,700 shares, a growth of 2,840.0% from the July 15th total of 500 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 2.3 days.

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

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Private Advisory Group LLC raised its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 310.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,732 shares of the company’s stock after acquiring an additional 96,601 shares during the period. Private Advisory Group LLC owned about 11.61% of First Trust Dorsey Wright Momentum & Value ETF worth $3,582,000 at the end of the most recent quarter.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

First Trust Dorsey Wright Momentum & Value ETF stock traded up $0.18 during midday trading on Monday, hitting $28.63. The company’s stock had a trading volume of 500 shares, compared to its average volume of 4,701. The company has a 50-day moving average price of $28.56 and a two-hundred day moving average price of $28.35. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $21.10 and a 1-year high of $30.50. The company has a market cap of $31.49 million, a price-to-earnings ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.0821 dividend. This represents a $0.33 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, June 27th.

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.