First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Growth in Short Interest

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 17,137 shares, an increase of 37.7% from the December 31st total of 12,445 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 14,532 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 14,532 shares, the short-interest ratio is currently 1.2 days. Currently, 1.6% of the company’s shares are sold short.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

First Trust Dorsey Wright Momentum & Value ETF stock opened at $36.50 on Tuesday. The stock’s 50 day moving average is $36.07 and its 200 day moving average is $33.61. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $24.10 and a one year high of $37.11. The firm has a market cap of $41.98 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.0859 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.34 dividend on an annualized basis and a dividend 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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its stake in First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock worth $1,391,000 after acquiring an additional 12,088 shares in the last quarter. Private Advisory Group LLC raised its holdings 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 valued at $1,049,000 after purchasing an additional 2,916 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the second quarter valued at about $44,000. Cetera Investment Advisers boosted 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 in the last quarter. Finally, GGM Financials LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at about $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.