First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 112.5% in August

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 33,535 shares, an increase of 112.5% from the July 30th total of 15,784 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 7,810 shares, the short-interest ratio is presently 4.3 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.8%

DVLU stock traded down $0.34 during trading on Friday, hitting $40.93. The company had a trading volume of 3,065 shares, compared to its average volume of 6,288. The firm has a 50-day moving average price of $40.77 and a 200-day moving average price of $38.13. First Trust Dorsey Wright Momentum & Value ETF has a 12 month low of $30.91 and a 12 month high of $42.55. The stock has a market cap of $47.07 million, a price-to-earnings ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

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

A number of institutional investors and hedge funds have recently modified their holdings of DVLU. Cetera Investment Advisers lifted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 13.8% in the first quarter. Cetera Investment Advisers now owns 31,183 shares of the company’s stock valued at $1,067,000 after buying an additional 3,785 shares during the period. Janney Montgomery Scott LLC grew its holdings in First Trust Dorsey Wright Momentum & Value ETF by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after acquiring an additional 349 shares during the period. Equitable Holdings Inc. bought a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter valued at $315,000. Osaic Holdings Inc. raised its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% during the 4th quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock valued at $6,280,000 after acquiring an additional 17,450 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after acquiring an additional 7,765 shares during the last quarter.

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.