First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Down 39.5% in August

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 20,289 shares, a decline of 39.5% from the August 15th total of 33,535 shares. Based on an average daily volume of 7,415 shares, the short-interest ratio is currently 2.7 days. Approximately 1.8% of the company’s stock are short sold.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

An institutional investor recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers grew its stake in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,183 shares of the company’s stock after buying an additional 3,785 shares during the period. Cetera Investment Advisers owned approximately 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 as of its most recent SEC filing.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.5%

DVLU stock traded up $0.21 during midday trading on Wednesday, reaching $40.37. The company had a trading volume of 2,989 shares, compared to its average volume of 6,165. First Trust Dorsey Wright Momentum & Value ETF has a 1 year low of $32.37 and a 1 year high of $42.55. The company has a market capitalization of $80.69 million, a P/E ratio of 14.02 and a beta of 1.03. The company has a 50 day moving average of $41.04 and a two-hundred day moving average of $38.47.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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