First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Down 39.5% in August

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 20,289 shares, a decrease of 39.5% from the August 15th total of 33,535 shares. Based on an average trading volume of 7,415 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.8% of the shares of the stock are short sold.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

DVLU traded up $0.32 during midday trading on Thursday, hitting $40.11. The company had a trading volume of 438 shares, compared to its average volume of 6,142. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $32.53 and a twelve month high of $42.55. The company has a market capitalization of $80.18 million, a PE ratio of 14.02 and a beta of 1.03. The firm’s 50-day simple moving average is $41.03 and its 200-day simple moving average is $38.48.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

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. Cetera Investment Advisers boosted its position in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,183 shares of the company’s stock after purchasing an additional 3,785 shares during the quarter. Cetera Investment Advisers owned about 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

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.