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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large 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. Based on an average daily trading volume, of 7,810 shares, the short-interest ratio is currently 4.3 days. Approximately 2.9% of the shares of the company are sold short.

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

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. lifted its stake 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 buying an additional 17,450 shares in the last quarter. LPL Financial LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 37.4% in the 4th quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock worth $2,085,000 after buying an additional 15,884 shares in the last quarter. Susquehanna International Group LLP raised its holdings 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 acquiring an additional 12,088 shares during the period. Cetera Investment Advisers raised its holdings in First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after acquiring an additional 300 shares during the period. Finally, Equitable Holdings Inc. bought a new stake in First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter valued at about $315,000.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ:DVLU opened at $40.93 on Monday. The stock has a 50 day moving average of $40.77 and a 200 day moving average of $38.13. The company has a market cap of $47.07 million, a PE ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $30.91 and a 12-month high of $42.55.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

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.