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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 33,535 shares, a growth of 112.5% from the July 30th total of 15,784 shares. Based on an average daily trading volume, of 7,810 shares, the short-interest ratio is currently 4.3 days. Currently, 2.9% of the company’s shares are sold short.

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

Several institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after purchasing an additional 300 shares during the period. Janney Montgomery Scott LLC raised its holdings in First Trust Dorsey Wright Momentum & Value ETF by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after buying an additional 349 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth approximately $44,000. Commonwealth Equity Services LLC lifted its stake in First Trust Dorsey Wright Momentum & Value ETF by 94.7% in 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 in the last quarter. Finally, Equitable Holdings Inc. bought a new position in First Trust Dorsey Wright Momentum & Value ETF in the fourth quarter valued at approximately $315,000.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.8%

DVLU opened at $40.93 on Friday. The stock has a market cap of $47.07 million, a P/E ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 12 month low of $30.91 and a 12 month high of $42.55. The company has a fifty day simple moving average of $40.77 and a 200 day simple moving average of $38.13.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

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.