First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Short Interest Declines 54.6%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,094 shares, a drop of 54.6% from the September 30th total of 2,409 shares. Based on an average daily trading volume, of 7,595 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of 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 holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,183 shares of the company’s stock after acquiring an additional 3,785 shares during the quarter. Cetera Investment Advisers owned 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 at the end of the most recent quarter.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.6%

DVLU traded down $0.25 during midday trading on Friday, hitting $39.22. 227 shares of the company were exchanged, compared to its average volume of 5,981. The firm has a market capitalization of $47.07 million, a P/E ratio of 14.02 and a beta of 1.04. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $32.53 and a 1-year high of $42.55. The firm’s 50 day moving average price is $39.84 and its 200-day moving average price is $38.33.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.0922 dividend. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992. This represents a $0.37 dividend on an annualized basis and a yield of 0.9%.

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.