Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 96.1%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 768 shares, a decline of 96.1% from the August 15th total of 19,868 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 16,888 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.6%

Shares of NASDAQ:DDIV traded down $0.26 during midday trading on Thursday, reaching $45.50. 4,469 shares of the company traded hands, compared to its average volume of 6,816. The firm’s fifty day moving average price is $46.75 and its two-hundred day moving average price is $44.52. The firm has a market capitalization of $72.80 million, a price-to-earnings ratio of 17.21 and a beta of 0.90. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $38.69 and a 12 month high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.1843 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at approximately $100,000. Western Wealth Management LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter worth approximately $146,000. Insight Advisors LLC PA purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth approximately $201,000. Janney Montgomery Scott LLC purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth approximately $201,000. Finally, Legacy Capital Wealth Management LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at $228,000.

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.