First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 37.1% in July

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,678 shares, a drop of 37.1% from the July 15th total of 9,022 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 15,798 shares, the short-interest ratio is presently 0.4 days.

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

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at about $100,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter worth about $146,000. Insight Advisors LLC PA acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at about $201,000. Janney Montgomery Scott LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at about $201,000. Finally, Legacy Capital Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at approximately $228,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.4%

DDIV traded down $0.20 during trading hours on Tuesday, reaching $47.48. 4,985 shares of the company’s stock traded hands, compared to its average volume of 6,144. The firm has a market capitalization of $75.97 million, a PE ratio of 17.21 and a beta of 0.91. First Trust Dorsey Wright Momentum & Dividend ETF has a 52-week low of $38.60 and a 52-week high of $47.84. The firm has a 50-day moving average price of $46.26 and a 200 day moving average price of $44.12.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1843 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. This is an increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

About First Trust Dorsey Wright Momentum & Dividend ETF

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.