Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Rises By 203.4%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 24,888 shares, an increase of 203.4% from the May 31st total of 8,203 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 3,616 shares, the short-interest ratio is presently 6.9 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

NASDAQ DVLU remained flat at $39.67 on Tuesday. 5,741 shares of the company’s stock traded hands, compared to its average volume of 6,630. The business has a 50-day moving average of $38.38 and a two-hundred day moving average of $36.74. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $29.40 and a fifty-two week high of $39.96. The company has a market capitalization of $45.62 million, a PE ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.0992 dividend. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DVLU. Cetera Investment Advisers lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after buying an additional 300 shares during the period. Janney Montgomery Scott LLC increased its holdings in First Trust Dorsey Wright Momentum & Value ETF by 3.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock valued at $338,000 after buying an additional 349 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Value ETF in the second quarter worth about $44,000. Commonwealth Equity Services LLC raised its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% in the fourth 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 during the period. Finally, Equitable Holdings Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter valued at about $315,000.

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.