Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Increases By 40.5%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIVGet Rating) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 10,400 shares, a growth of 40.5% from the May 15th total of 7,400 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is presently 0.9 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDIV. UBS Group AG grew its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 104.2% in the 3rd quarter. UBS Group AG now owns 874 shares of the company’s stock valued at $28,000 after buying an additional 446 shares in the last quarter. Royal Bank of Canada grew its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 85.4% in the first quarter. Royal Bank of Canada now owns 1,025 shares of the company’s stock valued at $34,000 after acquiring an additional 472 shares in the last quarter. Level Four Advisory Services LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at about $205,000. Cottonwood Capital Advisors LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth about $217,000. Finally, Western Wealth Management LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter worth about $268,000.

Shares of NASDAQ:DDIV opened at $30.10 on Wednesday. First Trust Dorsey Wright Momentum & Dividend ETF has a 12-month low of $29.17 and a 12-month high of $34.68. The business has a 50 day moving average of $32.72 and a 200-day moving average of $32.93.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were issued a dividend of $0.115 per share. The ex-dividend date was Friday, March 25th. This represents a $0.46 annualized dividend and a yield of 1.53%.

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