First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Sees Significant Drop in Short Interest

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,797 shares, a drop of 44.8% from the April 15th total of 3,253 shares. Based on an average daily volume of 3,877 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Low Volatility ETF

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after acquiring an additional 2,125 shares during the last quarter. Balefire LLC increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% during the first quarter. Balefire LLC now owns 33,142 shares of the company’s stock valued at $1,146,000 after acquiring an additional 10,840 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the first quarter valued at about $342,000. Royal Bank of Canada increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 358,931.6% during the fourth quarter. Royal Bank of Canada now owns 68,216 shares of the company’s stock valued at $2,390,000 after acquiring an additional 68,197 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the fourth quarter valued at about $111,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Up 0.3%

First Trust Dorsey Wright Momentum & Low Volatility ETF stock traded up $0.10 during midday trading on Monday, hitting $36.47. 2,355 shares of the stock were exchanged, compared to its average volume of 10,806. First Trust Dorsey Wright Momentum & Low Volatility ETF has a fifty-two week low of $33.60 and a fifty-two week high of $37.50. The stock has a market capitalization of $72.94 million, a price-to-earnings ratio of 24.91 and a beta of 0.78. The stock’s 50-day simple moving average is $35.69 and its 200 day simple moving average is $35.61.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0292 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.