First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Growth in Short Interest

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 9,800 shares, an increase of 10.1% from the January 15th total of 8,900 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 3.5 days.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.6 %

NASDAQ DVLU traded up $0.19 during trading hours on Friday, hitting $30.64. The company’s stock had a trading volume of 1,939 shares, compared to its average volume of 2,141. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $26.64 and a 52 week high of $33.06. The company’s 50-day simple moving average is $30.13 and its two-hundred day simple moving average is $30.49. The company has a market capitalization of $30.64 million, a PE ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1407 per share. The ex-dividend date was Friday, December 13th.

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

Several hedge funds have recently modified their holdings of DVLU. Harbour Investments Inc. lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 71.0% during the 4th quarter. Harbour Investments Inc. now owns 4,497 shares of the company’s stock worth $131,000 after buying an additional 1,867 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 18.7% in the 4th quarter. LPL Financial LLC now owns 49,879 shares of the company’s stock worth $1,453,000 after purchasing an additional 7,850 shares during the period. Finally, Virtus Wealth Solutions LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter worth approximately $9,503,000.

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.