Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Grows By 22.6%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 12,445 shares, an increase of 22.6% from the December 15th total of 10,150 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 12,405 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 12,405 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.2% of the company’s shares are sold short.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ DVLU traded down $0.39 during trading on Tuesday, reaching $36.40. The stock had a trading volume of 16,550 shares, compared to its average volume of 14,379. The company has a market cap of $38.22 million, a P/E ratio of 14.02 and a beta of 1.08. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $24.10 and a fifty-two week high of $37.11. The business’s 50-day moving average price is $35.52 and its 200-day moving average price is $33.17.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.0859 per share. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Value ETF in the second quarter valued at $44,000. Cetera Investment Advisers boosted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 5.8% during 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 in the last quarter. Private Advisory Group LLC grew its position in First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the third quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after buying an additional 2,916 shares during the period. Susquehanna International Group LLP lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the 3rd 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. Finally, GGM Financials LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth approximately $9,530,000.

About First Trust Dorsey Wright Momentum & Value ETF

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.