First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 127.5% in December

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 9,100 shares, an increase of 127.5% from the November 30th total of 4,000 shares. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Value ETF

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC grew its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 555,882 shares of the company’s stock after buying an additional 2,150 shares during the quarter. Commonwealth Equity Services LLC owned approximately 50.53% of First Trust Dorsey Wright Momentum & Value ETF worth $15,587,000 at the end of the most recent reporting period.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.1 %

Shares of First Trust Dorsey Wright Momentum & Value ETF stock opened at $29.54 on Friday. The stock has a market capitalization of $31.02 million, a price-to-earnings ratio of 8.64 and a beta of 1.18. The firm’s 50-day moving average price is $31.19 and its two-hundred day moving average price is $30.06. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $25.18 and a 1-year high of $33.06.

First Trust Dorsey Wright Momentum & Value ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.1407 per share. The ex-dividend date of this dividend is Friday, December 13th.

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.