Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Decreases By 12.6%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 4,213 shares, a decrease of 12.6% from the February 12th total of 4,823 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 3,396 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 3,396 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the company’s shares are sold short.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 1.4%

Shares of DVLU stock opened at $33.70 on Thursday. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $24.10 and a fifty-two week high of $37.97. The firm’s 50 day moving average price is $36.12 and its two-hundred day moving average price is $34.84. The stock has a market cap of $40.44 million, a price-to-earnings ratio of 14.02 and a beta of 1.08.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP increased its holdings 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 valued at $1,391,000 after purchasing an additional 12,088 shares in the last quarter. Equitable Holdings Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter worth about $315,000. Cetera Investment Advisers lifted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock worth $979,000 after purchasing an additional 300 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% in the fourth quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock worth $6,280,000 after buying an additional 17,450 shares during the period. Finally, LPL Financial LLC boosted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 37.4% in the fourth quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock worth $2,085,000 after buying an additional 15,884 shares during the period.

About First Trust Dorsey Wright Momentum & Value ETF

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.