Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Grows By 564.7%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIVGet Rating) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 11,300 shares, an increase of 564.7% from the March 15th total of 1,700 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is presently 0.6 days.

Institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 35.1% during the second quarter. Morgan Stanley now owns 32,360 shares of the company’s stock valued at $1,014,000 after acquiring an additional 8,404 shares during the period. Bank of America Corp DE boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 5.6% in the second quarter. Bank of America Corp DE now owns 13,628 shares of the company’s stock valued at $427,000 after acquiring an additional 717 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter valued at approximately $201,000. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 104.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 85,344 shares of the company’s stock worth $2,705,000 after buying an additional 43,655 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter valued at approximately $484,000.

DDIV stock opened at $33.17 on Wednesday. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $29.17 and a fifty-two week high of $35.11. The firm’s 50-day simple moving average is $32.92 and its 200 day simple moving average is $33.06.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, March 25th.

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