First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Short Interest Report for September

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 136 shares, a decrease of 86.4% from the September 15th total of 1,001 shares. Based on an average trading volume of 4,012 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

NASDAQ:DDIV opened at $44.79 on Friday. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $38.69 and a 52 week high of $47.84. The firm has a 50-day moving average price of $45.92 and a two-hundred day moving average price of $45.00. The firm has a market cap of $71.66 million, a price-to-earnings ratio of 17.21 and a beta of 0.93.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1757 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.70 annualized dividend and a dividend yield of 1.6%. This is a drop from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.1843.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Large investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the first quarter valued at about $146,000. Bank of America Corp DE raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% in the 1st quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock worth $826,000 after purchasing an additional 302 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock worth $1,446,000 after purchasing an additional 9,493 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 6.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 91,063 shares of the company’s stock worth $4,106,000 after purchasing an additional 5,868 shares during the period.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.