First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Short Interest Down 44.8% in April

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,797 shares, a decrease of 44.8% from the April 15th total of 3,253 shares. Based on an average daily volume of 3,877 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Csenge Advisory Group acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF during the third quarter valued at $19,259,000. Baird Financial Group Inc. raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% during the second quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock valued at $2,653,000 after buying an additional 1,316 shares during the period. Royal Bank of Canada raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 358,931.6% during the fourth quarter. Royal Bank of Canada now owns 68,216 shares of the company’s stock valued at $2,390,000 after buying an additional 68,197 shares during the period. Two Sigma Investments LP raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 123.4% during the third quarter. Two Sigma Investments LP now owns 48,700 shares of the company’s stock valued at $1,727,000 after buying an additional 26,900 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF during the third quarter valued at $201,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

NASDAQ:DVOL traded down $0.39 during trading hours on Friday, hitting $36.37. 2,351 shares of the company’s stock traded hands, compared to its average volume of 10,897. The firm has a market cap of $72.74 million, a P/E ratio of 24.91 and a beta of 0.78. 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’s fifty day moving average price is $35.69 and its two-hundred day moving average price is $35.61.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0292 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

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.