First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 203.4% in June

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 24,888 shares, a growth of 203.4% from the May 31st total of 8,203 shares. Based on an average daily volume of 3,616 shares, the days-to-cover ratio is presently 6.9 days. Approximately 2.2% of the shares of the stock are sold short.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter valued at approximately $44,000. Equitable Holdings Inc. bought a new stake in First Trust Dorsey Wright Momentum & Value ETF in the fourth quarter worth $315,000. Janney Montgomery Scott LLC increased its position in 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 purchasing an additional 349 shares during the last quarter. Commonwealth Equity Services LLC increased its position in First Trust Dorsey Wright Momentum & Value ETF by 94.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock worth $571,000 after purchasing an additional 7,765 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in 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 valued at $979,000 after purchasing an additional 300 shares in the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Trading Down 0.2%

Shares of NASDAQ:DVLU traded down $0.08 during mid-day trading on Friday, reaching $39.59. The stock had a trading volume of 842 shares, compared to its average volume of 6,638. The company has a market cap of $45.53 million, a P/E ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 1 year low of $29.40 and a 1 year high of $39.96. The business’s 50 day moving average price is $38.31 and its 200 day moving average price is $36.70.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.0992 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

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.