First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Short Interest Report for September

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 136 shares, a decline of 86.4% from the September 15th total of 1,001 shares. Based on an average daily volume of 4,012 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

DDIV traded up $0.20 during midday trading on Friday, reaching $44.79. 3,662 shares of the company’s stock traded hands, compared to its average volume of 7,036. The firm has a fifty day moving average of $45.92 and a two-hundred day moving average of $45.00. The stock has a market capitalization of $71.66 million, a price-to-earnings ratio of 17.21 and a beta of 0.93. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $38.69 and a 52 week high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.1757 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.6%. This is a decrease from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.1843.

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

Hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 6.9% in the second quarter. Concurrent Investment Advisors LLC now owns 91,063 shares of the company’s stock worth $4,106,000 after acquiring an additional 5,868 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the first quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock valued at $1,446,000 after acquiring an additional 9,493 shares in the last quarter. Bank of America Corp DE increased its position in 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 valued at $826,000 after purchasing an additional 302 shares during the period. Finally, Western Wealth Management LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter valued at $146,000.

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.