First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Short Interest Drops 54.6%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,094 shares, a decrease of 54.6% from the September 30th total of 2,409 shares. Based on an average trading volume of 7,595 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

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. Janney Montgomery Scott LLC grew its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,889 shares of the company’s stock after buying an additional 349 shares during the quarter. Janney Montgomery Scott LLC owned 0.86% of First Trust Dorsey Wright Momentum & Value ETF worth $338,000 as of its most recent SEC filing.

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

Shares of NASDAQ:DVLU traded down $0.25 during trading on Friday, reaching $39.22. 227 shares of the company’s stock traded hands, compared to its average volume of 5,981. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $32.53 and a fifty-two week high of $42.55. The firm has a market cap of $47.07 million, a PE ratio of 14.02 and a beta of 1.04. The company has a 50-day simple moving average of $39.84 and a 200-day simple moving average of $38.33.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0922 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992.

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.