First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 19,868 shares, a growth of 249.9% from the July 30th total of 5,678 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 7,834 shares, the days-to-cover ratio is presently 2.5 days.

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

A number of large investors have recently bought and sold shares of the business. Compound Planning Inc. increased its position in First Trust Dorsey Wright Momentum & Dividend ETF by 3.4% during the fourth quarter. Compound Planning Inc. now owns 18,437 shares of the company’s stock worth $766,000 after buying an additional 599 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth about $100,000. Greenline Wealth Management LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth about $585,000. Legacy Capital Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $228,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $201,000.

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

DDIV stock opened at $46.37 on Friday. The company has a market capitalization of $74.19 million, a price-to-earnings ratio of 17.21 and a beta of 0.91. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $38.69 and a 12 month high of $47.84. The firm has a 50 day moving average of $46.62 and a two-hundred day moving average of $44.35.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1843 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

About First Trust Dorsey Wright Momentum & Dividend ETF

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.