First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Sees Large Decrease in Short Interest

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,678 shares, a decrease of 37.1% from the July 15th total of 9,022 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 15,798 shares, the days-to-cover ratio is currently 0.4 days.

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

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

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 1.0%

DDIV opened at $46.97 on Thursday. The firm has a market cap of $75.15 million, a price-to-earnings ratio of 17.21 and a beta of 0.91. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $38.69 and a 52 week high of $47.84. The business’s 50 day moving average is $46.36 and its two-hundred day moving average is $44.18.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

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

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.