Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Rises By 44.8%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 5,365 shares, an increase of 44.8% from the March 15th total of 3,704 shares. Based on an average daily volume of 2,291 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.4% of the company’s stock are sold short.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

Shares of NASDAQ:DVLU traded down $0.09 during trading hours on Thursday, hitting $36.35. The company’s stock had a trading volume of 11,440 shares, compared to its average volume of 7,249. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $25.73 and a 52 week high of $37.97. The company has a market capitalization of $43.62 million, a price-to-earnings ratio of 14.02 and a beta of 1.04. The firm’s fifty day moving average price is $35.41 and its 200 day moving average price is $35.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock worth $979,000 after acquiring an additional 300 shares in the last quarter. Equitable Holdings Inc. bought a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter worth approximately $315,000. Osaic Holdings Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% during the 4th quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock worth $6,280,000 after acquiring an additional 17,450 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock worth $571,000 after acquiring an additional 7,765 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 37.4% during the 4th quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock worth $2,085,000 after acquiring an additional 15,884 shares in the last quarter.

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.