First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Short Interest Up 329.6% in June

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 37,522 shares, an increase of 329.6% from the June 15th total of 8,735 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 9,302 shares, the short-interest ratio is presently 4.0 days.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

Shares of NASDAQ:DVOL traded up $0.13 during midday trading on Tuesday, hitting $37.29. The company had a trading volume of 633 shares, compared to its average volume of 10,324. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $33.60 and a twelve month high of $37.50. The stock has a market cap of $72.72 million, a price-to-earnings ratio of 24.91 and a beta of 0.75. The business’s 50-day simple moving average is $36.46 and its 200-day simple moving average is $36.07.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0989 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03.

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

Several hedge funds and other institutional investors have recently bought and sold shares of DVOL. Advisory Services Network LLC acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter valued at approximately $39,000. O Shaughnessy Asset Management LLC acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF during the fourth quarter worth $111,000. Envestnet Asset Management Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter valued at $201,000. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the 1st quarter valued at about $342,000. Finally, Concurrent Investment Advisors LLC increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 45.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 10,985 shares of the company’s stock worth $385,000 after purchasing an additional 3,434 shares during the period.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.