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

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

First Trust Dorsey Wright Momentum & Value ETF Price Performance

NASDAQ:DVLU traded down $0.20 during mid-day trading on Monday, reaching $36.79. The company’s stock had a trading volume of 10,824 shares, compared to its average volume of 14,202. The stock has a market cap of $38.63 million, a P/E ratio of 14.02 and a beta of 1.08. The company’s fifty day simple moving average is $35.47 and its two-hundred day simple moving average is $33.13. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $24.10 and a twelve month high of $37.11.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.0859 per share. The ex-dividend date was Friday, December 12th. This represents a $0.34 dividend on an annualized basis and a yield of 0.9%. This is an increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at about $44,000. Cetera Investment Advisers raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 5.8% during the second quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock valued at $817,000 after buying an additional 1,493 shares during the last quarter. Private Advisory Group LLC boosted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the third quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after buying an additional 2,916 shares during the period. Susquehanna International Group LLP grew its holdings in First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the 3rd 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. Finally, GGM Financials LLC acquired a new stake in First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at approximately $9,530,000.

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.