Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Expands By 74.0%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,150 shares, a growth of 74.0% from the November 30th total of 5,833 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,603 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 6,603 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the company’s shares are short sold.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.1%

DVLU traded down $0.03 on Friday, reaching $36.51. 6,130 shares of the company traded hands, compared to its average volume of 2,375. The firm has a fifty day simple moving average of $34.70 and a two-hundred day simple moving average of $32.34. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $24.10 and a one year high of $36.64. The company has a market cap of $36.51 million, a P/E ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.0859 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.34 annualized dividend and a dividend yield of 0.9%. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GGM Financials LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at about $9,530,000. Susquehanna International Group LLP raised its stake 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 worth $1,391,000 after buying an additional 12,088 shares in the last quarter. Private Advisory Group LLC boosted its position in First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the 3rd quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,916 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock worth $817,000 after acquiring an additional 1,493 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth $44,000.

About First Trust Dorsey Wright Momentum & Value ETF

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.