First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 74.0% in December

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 10,150 shares, an increase of 74.0% from the November 30th total of 5,833 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 6,603 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 6,603 shares, the short-interest ratio is currently 1.5 days. Currently, 1.0% of the company’s stock are sold short.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

NASDAQ DVLU traded down $0.28 during trading hours on Monday, reaching $36.23. The company’s stock had a trading volume of 894 shares, compared to its average volume of 2,369. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $24.10 and a 1-year high of $36.64. The company’s 50-day moving average is $34.70 and its two-hundred day moving average is $32.36. The firm has a market capitalization of $36.23 million, a price-to-earnings ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a dividend of $0.0859 per share. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.34 annualized dividend and a yield of 0.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the second quarter valued at $44,000. Cetera Investment Advisers grew its position in First Trust Dorsey Wright Momentum & Value ETF by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 27,361 shares of the company’s stock valued at $817,000 after acquiring an additional 1,493 shares in the last quarter. Private Advisory Group LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the third quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,916 shares during the period. Susquehanna International Group LLP lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock worth $1,391,000 after purchasing an additional 12,088 shares in the last quarter. Finally, GGM Financials LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the second quarter worth about $9,530,000.

About First Trust Dorsey Wright Momentum & Value ETF

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.