First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 34.8% in May

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 5,775 shares, a drop of 34.8% from the May 14th total of 8,858 shares. Based on an average trading volume of 2,921 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% in the 4th quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock valued at $6,657,000 after acquiring an additional 33,116 shares in the last quarter. LPL Financial LLC grew its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 2.4% in the 4th quarter. LPL Financial LLC now owns 142,020 shares of the company’s stock valued at $5,900,000 after buying an additional 3,394 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock valued at $3,309,000 after buying an additional 45,324 shares during the last quarter. Kesler Norman & Wride LLC grew its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 13.7% in the 4th quarter. Kesler Norman & Wride LLC now owns 57,750 shares of the company’s stock valued at $2,399,000 after buying an additional 6,962 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at approximately $2,313,000.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of DDIV stock traded up $0.25 during trading on Tuesday, reaching $45.20. The company had a trading volume of 853 shares, compared to its average volume of 5,376. The firm’s 50 day simple moving average is $44.22 and its two-hundred day simple moving average is $42.74. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $36.97 and a one year high of $45.51. The company has a market capitalization of $70.06 million, a PE ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0937 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th.

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.