First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Short Interest Declines 86.4%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 136 shares, a decline of 86.4% from the September 15th total of 1,001 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,012 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased 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 worth $4,106,000 after buying an additional 5,868 shares during the period. Western Wealth Management LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter worth approximately $146,000. Bank of America Corp DE grew its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% during the first quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock worth $826,000 after buying an additional 302 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock valued at $1,446,000 after buying an additional 9,493 shares during the period.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

NASDAQ DDIV traded up $0.10 on Monday, hitting $44.80. 729 shares of the stock were exchanged, compared to its average volume of 7,004. The business’s fifty day moving average is $45.92 and its 200 day moving average is $45.03. The company has a market capitalization of $71.68 million, a PE ratio of 17.21 and a beta of 0.93. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1757 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.70 annualized dividend and a dividend yield of 1.6%. This is a decrease from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.1843.

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.