First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Short Interest Report for September

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 136 shares, a decline of 86.4% from the September 15th total of 1,001 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,012 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDIV. Western Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter worth $146,000. Bank of America Corp DE increased its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% during the first quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock worth $826,000 after acquiring an additional 302 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock worth $1,446,000 after acquiring an additional 9,493 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 6.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 91,063 shares of the company’s stock worth $4,106,000 after purchasing an additional 5,868 shares in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.4%

DDIV stock opened at $44.79 on Friday. The firm has a market cap of $71.66 million, a PE ratio of 17.21 and a beta of 0.93. The stock has a 50-day moving average price of $45.92 and a 200-day moving average price of $45.00. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $38.69 and a 1-year high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1757 dividend. This represents a $0.70 annualized dividend and a yield of 1.6%. This is a drop from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.1843. The ex-dividend date of this dividend was Thursday, September 24th.

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.