First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 96.1% in August

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 768 shares, a drop of 96.1% from the August 15th total of 19,868 shares. Based on an average daily trading volume, of 16,888 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

First Trust Dorsey Wright Momentum & Dividend ETF stock traded down $0.26 during midday trading on Thursday, hitting $45.50. 4,469 shares of the company’s stock were exchanged, compared to its average volume of 6,816. The company has a market cap of $72.80 million, a P/E ratio of 17.21 and a beta of 0.90. The stock has a 50-day moving average price of $46.75 and a two-hundred day moving average price of $44.52. First Trust Dorsey Wright Momentum & Dividend ETF has a 52-week low of $38.69 and a 52-week high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

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

Institutional Inflows and Outflows

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

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.