First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Short Interest Report for October

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 11,710 shares, a decrease of 71.4% from the September 30th total of 40,915 shares. Based on an average trading volume of 4,994 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Trading of First Trust Dorsey Wright Momentum & Low Volatility ETF

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter worth approximately $342,000. Sigma Planning Corp acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 3rd quarter valued at $558,000. Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after acquiring an additional 2,125 shares during the last quarter. Balefire LLC lifted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% during the 1st quarter. Balefire LLC now owns 33,142 shares of the company’s stock valued at $1,146,000 after acquiring an additional 10,840 shares during the last quarter. Finally, Nilsine Partners LLC boosted its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% during the 2nd quarter. Nilsine Partners LLC now owns 38,576 shares of the company’s stock worth $1,410,000 after acquiring an additional 1,082 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Down 0.6%

NASDAQ:DVOL opened at $35.97 on Wednesday. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $33.60 and a twelve month high of $38.30. The company has a 50-day moving average of $36.05 and a 200-day moving average of $36.31. The firm has a market cap of $75.54 million, a price-to-earnings ratio of 24.91 and a beta of 0.72.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.0656 per share. This is a drop from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 24th.

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.