Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Decreases By 54.0%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 11,449 shares, a decline of 54.0% from the June 15th total of 24,888 shares. Based on an average trading volume of 11,627 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Value ETF

Several hedge funds have recently bought and sold shares of DVLU. Osaic Holdings Inc. lifted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 11.0% during the 4th quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock valued at $6,280,000 after buying an additional 17,450 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 37.4% during the fourth quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock valued at $2,085,000 after acquiring an additional 15,884 shares in the last quarter. Susquehanna International Group LLP boosted 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 period. Cetera Investment Advisers boosted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% in the fourth quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after purchasing an additional 300 shares during the period. Finally, Equitable Holdings Inc. bought a new position in First Trust Dorsey Wright Momentum & Value ETF in the fourth quarter worth approximately $315,000.

First Trust Dorsey Wright Momentum & Value ETF Trading Down 0.7%

Shares of DVLU stock traded down $0.30 during trading hours on Wednesday, reaching $40.34. 1,693 shares of the stock were exchanged, compared to its average volume of 6,379. The firm has a market capitalization of $46.39 million, a price-to-earnings ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $29.40 and a 12-month high of $40.89. The company’s 50-day moving average price is $38.91 and its 200-day moving average price is $37.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

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.