First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 74.0% in December

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 10,150 shares, a growth of 74.0% from the November 30th total of 5,833 shares. Based on an average daily trading volume, of 6,603 shares, the short-interest ratio is presently 1.5 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 6,603 shares, the short-interest ratio is presently 1.5 days.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

NASDAQ:DVLU opened at $36.23 on Tuesday. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $24.10 and a one year high of $36.64. The company has a market cap of $36.23 million, a PE ratio of 14.02 and a beta of 1.08. The firm has a 50-day moving average of $34.75 and a 200-day moving average of $32.42.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.0859 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.9%. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, December 12th.

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

Several institutional investors have recently bought and sold shares of DVLU. Raymond James Financial Inc. bought a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter worth $44,000. Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 5.8% during the second quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock valued at $817,000 after purchasing an additional 1,493 shares in the last quarter. Private Advisory Group LLC boosted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the third quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,916 shares during the last quarter. Susquehanna International Group LLP grew its position in First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the 3rd quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock worth $1,391,000 after purchasing an additional 12,088 shares in the last quarter. Finally, GGM Financials LLC purchased a new stake in First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at about $9,530,000.

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.