First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 2,419 shares, a drop of 88.1% from the August 31st total of 20,289 shares. Based on an average daily volume of 2,892 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of First Trust Dorsey Wright Momentum & Value ETF stock traded up $0.58 during trading on Friday, hitting $39.46. 4,090 shares of the stock traded hands, compared to its average volume of 6,203. The stock has a market cap of $47.35 million, a P/E ratio of 14.02 and a beta of 1.03. The company has a fifty day moving average price of $40.92 and a two-hundred day moving average price of $38.66. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $32.53 and a twelve month high of $42.55.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a $0.0922 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.9%. This is a drop from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992. The ex-dividend date is Thursday, September 24th.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers lifted its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,183 shares of the company’s stock after purchasing an additional 3,785 shares during the period. Cetera Investment Advisers owned 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 at the end of the most recent reporting period.

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.