First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Increase in Short Interest

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 17,137 shares, a growth of 37.7% from the December 31st total of 12,445 shares. Based on an average trading volume of 14,532 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.6% of the shares of the stock are short sold. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 14,532 shares, the days-to-cover ratio is presently 1.2 days.

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

A number of institutional investors have recently modified their holdings of DVLU. Susquehanna International Group LLP lifted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the 3rd quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock valued at $1,391,000 after purchasing an additional 12,088 shares during the period. Private Advisory Group LLC increased its holdings in First Trust Dorsey Wright Momentum & Value ETF by 10.3% in the third quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock valued at $1,049,000 after purchasing an additional 2,916 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright Momentum & Value ETF in the second quarter valued at about $44,000. Cetera Investment Advisers boosted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 5.8% during the second quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock worth $817,000 after buying an additional 1,493 shares during the last quarter. Finally, GGM Financials LLC bought a new position in First Trust Dorsey Wright Momentum & Value ETF during the second quarter worth about $9,530,000.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ:DVLU traded down $0.32 on Friday, hitting $35.94. The stock had a trading volume of 22,754 shares, compared to its average volume of 13,698. The firm’s 50 day moving average price is $36.02 and its 200-day moving average price is $33.54. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $24.10 and a twelve month high of $37.11. The company has a market capitalization of $41.33 million, a price-to-earnings ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0859 per share. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. This represents a $0.34 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 12th.

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.