First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 12,445 shares, an increase of 22.6% from the December 15th total of 10,150 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,405 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 12,405 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.2% of the company’s stock are sold short.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 2.3%

NASDAQ:DVLU opened at $35.93 on Wednesday. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $24.10 and a 52 week high of $37.11. The company has a fifty day simple moving average of $35.56 and a two-hundred day simple moving average of $33.21. The company has a market cap of $37.73 million, a price-to-earnings ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.0859 per share. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, December 12th. This represents a $0.34 annualized dividend and a yield of 1.0%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP raised its holdings in First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock valued at $1,391,000 after acquiring an additional 12,088 shares in the last quarter. Private Advisory Group LLC increased its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 10.3% in the 3rd quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,916 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at $44,000. Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 5.8% during the 2nd quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock worth $817,000 after purchasing an additional 1,493 shares during the last quarter. Finally, GGM Financials LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth $9,530,000.

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.