First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 33,535 shares, an increase of 112.5% from the July 30th total of 15,784 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily volume of 7,810 shares, the short-interest ratio is currently 4.3 days.

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

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth approximately $44,000. Susquehanna International Group LLP raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% in 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. LPL Financial LLC lifted 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 purchasing an additional 15,884 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of 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 in the last quarter. Finally, Osaic Holdings Inc. lifted 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 purchasing an additional 17,450 shares in the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

DVLU opened at $40.93 on Friday. The business’s 50-day moving average price is $40.77 and its two-hundred day moving average price is $38.13. First Trust Dorsey Wright Momentum & Value ETF has a 1 year low of $30.91 and a 1 year high of $42.55. The company has a market capitalization of $47.07 million, a price-to-earnings ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0992 per share. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%.

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.