First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Up 249.9% in August

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 19,868 shares, a growth of 249.9% from the July 30th total of 5,678 shares. Based on an average trading volume of 7,834 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% during the 1st quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock worth $826,000 after purchasing an additional 302 shares in the last quarter. Compound Planning Inc. lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 3.4% during the 4th quarter. Compound Planning Inc. now owns 18,437 shares of the company’s stock worth $766,000 after buying an additional 599 shares in the last quarter. HighTower Advisors LLC lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 11.6% during the 4th quarter. HighTower Advisors LLC now owns 8,768 shares of the company’s stock worth $364,000 after buying an additional 911 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock worth $364,000 after buying an additional 1,041 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% in the 3rd quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock valued at $937,000 after buying an additional 2,285 shares during the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

First Trust Dorsey Wright Momentum & Dividend ETF stock remained flat at $46.80 during mid-day trading on Friday. 129,638 shares of the company’s stock were exchanged, compared to its average volume of 6,889. The stock has a market cap of $74.88 million, a price-to-earnings ratio of 17.21 and a beta of 0.91. The stock’s 50 day simple moving average is $46.58 and its 200 day simple moving average is $44.34. First Trust Dorsey Wright Momentum & Dividend ETF has a 12-month low of $38.69 and a 12-month high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1843 per share. This is an increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.