First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Increase in Short Interest

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 17,137 shares, an increase of 37.7% from the December 31st total of 12,445 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 14,532 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 14,532 shares, the short-interest ratio is currently 1.2 days. Approximately 1.6% of the company’s stock are sold short.

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

Several hedge funds have recently modified their holdings of DVLU. GGM Financials LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the second quarter worth approximately $9,530,000. Cetera Investment Advisers raised its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 5.8% during the 2nd quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock valued at $817,000 after acquiring an additional 1,493 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright Momentum & Value ETF in the second quarter worth $44,000. Private Advisory Group LLC increased its stake 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 valued at $1,049,000 after purchasing an additional 2,916 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the third 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 during the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.9%

Shares of DVLU traded down $0.32 on Friday, reaching $35.94. The stock had a trading volume of 22,754 shares, compared to its average volume of 13,698. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $24.10 and a twelve month high of $37.11. The firm has a market capitalization of $41.33 million, a PE ratio of 14.02 and a beta of 1.08. The firm has a 50-day moving average of $36.02 and a 200 day moving average of $33.54.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0859 per share. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. This represents a $0.34 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 12th.

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.