First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Short Interest Climbs 167.1%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 3,894 shares, an increase of 167.1% from the October 15th total of 1,458 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Several large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the first 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 in the last quarter. HighTower Advisors LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth about $385,000. Kestra Advisory Services LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth about $371,000. Concurrent Investment Advisors LLC grew its position 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 valued at $4,106,000 after purchasing an additional 5,868 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at about $235,000.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

NASDAQ:DDIV opened at $45.74 on Friday. The business has a fifty day simple moving average of $45.06 and a two-hundred day simple moving average of $44.50. First Trust Dorsey Wright Momentum & Dividend ETF has a 1 year low of $38.69 and a 1 year high of $47.84. The company has a market capitalization of $73.18 million, a P/E ratio of 14.81 and a beta of 0.93.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.1757 per share. 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. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%.

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.