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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 24,888 shares, a growth of 203.4% from the May 31st total of 8,203 shares. Based on an average daily trading volume, of 3,616 shares, the short-interest ratio is currently 6.9 days. Approximately 2.2% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in First Trust Dorsey Wright Momentum & Value ETF in the second quarter valued at $44,000. Equitable Holdings Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter valued at approximately $315,000. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 3.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock valued at $338,000 after purchasing an additional 349 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 94.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after buying an additional 7,765 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock worth $979,000 after buying an additional 300 shares during the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.2%

NASDAQ DVLU traded up $0.08 during trading on Monday, hitting $39.67. 5,741 shares of the company traded hands, compared to its average volume of 6,630. First Trust Dorsey Wright Momentum & Value ETF has a 12 month low of $29.40 and a 12 month high of $39.96. The company has a market capitalization of $45.62 million, a P/E ratio of 14.02 and a beta of 1.03. The business has a fifty day simple moving average of $38.31 and a 200 day simple moving average of $36.70.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.0992 dividend. The ex-dividend date is Thursday, June 25th. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

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.