First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Down 54.0% in June

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 11,449 shares, a drop of 54.0% from the June 15th total of 24,888 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 11,627 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

Several hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in First Trust Dorsey Wright Momentum & Value ETF by 1.1% in the fourth quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock worth $979,000 after buying an additional 300 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 3.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after buying an additional 349 shares during the period. Raymond James Financial Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter valued at about $44,000. Commonwealth Equity Services LLC lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after buying an additional 7,765 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter valued at about $315,000.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of DVLU stock traded up $0.14 during mid-day trading on Tuesday, reaching $40.64. 5,158 shares of the company’s stock traded hands, compared to its average volume of 6,400. First Trust Dorsey Wright Momentum & Value ETF has a 12 month low of $29.40 and a 12 month high of $40.89. The firm has a 50 day moving average price of $38.86 and a two-hundred day moving average price of $37.00. The firm has a market capitalization of $46.74 million, a PE ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0992 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. 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.

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.