First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 34.8% in May

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,775 shares, a decline of 34.8% from the May 14th total of 8,858 shares. Based on an average trading volume of 2,921 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

A number of large investors have recently bought and sold shares of DDIV. Truist Financial Corp purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at $219,000. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock worth $364,000 after buying an additional 1,041 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 2.2% in the 3rd quarter. Prospera Financial Services Inc now owns 18,224 shares of the company’s stock worth $732,000 after buying an additional 394 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth $121,000. Finally, UBS Group AG lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 25.3% in the 3rd quarter. UBS Group AG now owns 20,251 shares of the company’s stock worth $814,000 after buying an additional 4,095 shares during the period.

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

DDIV opened at $45.11 on Wednesday. The business has a fifty day moving average of $44.30 and a 200 day moving average of $42.77. First Trust Dorsey Wright Momentum & Dividend ETF has a 52-week low of $36.97 and a 52-week high of $45.51. The stock has a market cap of $69.92 million, a P/E ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0937 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.37 dividend on an annualized basis and a yield of 0.8%.

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.