First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 74.0% in December

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 10,150 shares, an increase of 74.0% from the November 30th total of 5,833 shares. Based on an average daily trading volume, of 6,603 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.0% of the shares of the company are short sold. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,603 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds 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. GGM Financials LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter valued at about $9,530,000. Private Advisory Group LLC lifted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 10.3% in the 3rd quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,916 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 5.8% in the second quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock worth $817,000 after buying an additional 1,493 shares during the last quarter. Susquehanna International Group LLP grew its position in First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock valued at $1,391,000 after buying an additional 12,088 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Value ETF during the second quarter valued at approximately $44,000.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.1%

Shares of NASDAQ DVLU traded down $0.03 during trading on Friday, reaching $36.51. 6,130 shares of the company traded hands, compared to its average volume of 2,375. The firm has a 50 day simple moving average of $34.70 and a 200-day simple moving average of $32.34. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $24.10 and a 52-week high of $36.64. The stock has a market capitalization of $36.51 million, a PE ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.0859 dividend. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.34 dividend on an annualized basis and a yield of 0.9%.

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.