First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Short Interest Report for October

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 11,710 shares, a decrease of 71.4% from the September 30th total of 40,915 shares. Based on an average daily volume of 4,994 shares, the short-interest ratio is currently 2.3 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Trading of First Trust Dorsey Wright Momentum & Low Volatility ETF

Several hedge funds and other institutional investors have recently made changes to their positions in DVOL. Nilsine Partners LLC lifted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% during the 2nd quarter. Nilsine Partners LLC now owns 38,576 shares of the company’s stock worth $1,410,000 after acquiring an additional 1,082 shares during the period. Balefire LLC lifted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 15.6% in the second quarter. Balefire LLC now owns 38,328 shares of the company’s stock valued at $1,401,000 after acquiring an additional 5,186 shares in the last quarter. Cetera Investment Advisers raised its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after purchasing an additional 2,125 shares during the last quarter. Sigma Planning Corp acquired a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 3rd quarter worth $558,000. Finally, Fifth Third Bancorp purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter worth about $342,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Down 0.9%

DVOL traded down $0.33 during trading on Friday, reaching $36.30. The company had a trading volume of 9,675 shares, compared to its average volume of 8,768. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52 week low of $33.60 and a 52 week high of $38.30. The stock has a market cap of $74.42 million, a P/E ratio of 24.91 and a beta of 0.72. The business has a 50 day simple moving average of $35.99 and a 200-day simple moving average of $36.31.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.0656 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.