Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 60.2%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 8,800 shares, a drop of 60.2% from the January 31st total of 22,100 shares. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DDIV. Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $203,000. J.W. Cole Advisors Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $203,000. Sigma Planning Corp acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $224,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $719,000. Finally, Independent Advisor Alliance acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $3,744,000.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 1.6 %

Shares of NASDAQ DDIV traded up $0.64 during midday trading on Friday, reaching $39.75. The company had a trading volume of 46,024 shares, compared to its average volume of 22,649. The stock has a market cap of $79.50 million, a P/E ratio of 13.54 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a 1 year low of $31.54 and a 1 year high of $41.08. The business’s 50-day simple moving average is $39.12 and its 200 day simple moving average is $38.12.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2885 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.