First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Up 300.0% in September

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 800 shares, an increase of 300.0% from the August 31st total of 200 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 0.1 days.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of NASDAQ DDIV opened at $40.22 on Friday. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $32.06 and a 12 month high of $41.08. The company has a 50-day simple moving average of $39.14 and a 200-day simple moving average of $37.79. The company has a market cap of $66.36 million, a PE ratio of 17.21 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.1549 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.62 annualized dividend and a yield of 1.5%.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

A number of large investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 35.9% during the first quarter. Cetera Investment Advisers now owns 11,189 shares of the company’s stock valued at $423,000 after buying an additional 2,954 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in First Trust Dorsey Wright Momentum & Dividend ETF by 13.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,718 shares of the company’s stock worth $518,000 after buying an additional 1,645 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the second quarter valued at approximately $547,000. Bank of America Corp DE lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 75.7% in the fourth quarter. Bank of America Corp DE now owns 20,485 shares of the company’s stock worth $774,000 after purchasing an additional 8,827 shares during the period. Finally, Compound Planning Inc. increased its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 106.8% during the 1st quarter. Compound Planning Inc. now owns 29,542 shares of the company’s stock valued at $1,116,000 after purchasing an additional 15,257 shares during the period.

About First Trust Dorsey Wright Momentum & Dividend ETF

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.