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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 4,661 shares, a decrease of 72.8% from the January 15th total of 17,137 shares. Based on an average daily trading volume, of 12,819 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 12,819 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.9%

Shares of DVLU stock traded down $0.33 during trading hours on Wednesday, hitting $37.06. 1,966 shares of the company’s stock were exchanged, compared to its average volume of 11,115. The firm has a 50 day moving average of $36.34 and a two-hundred day moving average of $33.90. The firm has a market cap of $44.48 million, a P/E ratio of 14.02 and a beta of 1.08. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $24.10 and a fifty-two week high of $37.97.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company 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 is an increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. This represents a $0.34 annualized dividend and a yield of 0.9%.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

Several institutional investors have recently added to or reduced their stakes in the stock. GGM Financials LLC purchased a new position in First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth $9,530,000. Cetera Investment Advisers grew its stake 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 during the period. Raymond James Financial Inc. purchased a new position in First Trust Dorsey Wright Momentum & Value ETF in the second quarter valued at about $44,000. Private Advisory Group LLC raised its holdings in 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 purchasing an additional 2,916 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake 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 valued at $1,391,000 after acquiring an additional 12,088 shares during the last quarter.

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.