Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Drops By 39.5%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 20,289 shares, a decline of 39.5% from the August 15th total of 33,535 shares. Based on an average daily volume of 7,415 shares, the short-interest ratio is presently 2.7 days. Currently, 1.8% of the shares of the company are sold short.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

DVLU stock traded down $0.30 during midday trading on Friday, hitting $39.77. 1,564 shares of the stock traded hands, compared to its average volume of 6,148. The firm has a market cap of $45.73 million, a P/E ratio of 14.02 and a beta of 1.03. The stock’s fifty day simple moving average is $41.03 and its 200-day simple moving average is $38.51. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $32.53 and a 1-year high of $42.55.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0992 per share. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers increased its position in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,183 shares of the company’s stock after purchasing an additional 3,785 shares during the quarter. Cetera Investment Advisers owned approximately 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 as of its most recent filing with the SEC.

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.