Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Grows By 2,840.0%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 14,700 shares, a growth of 2,840.0% from the July 15th total of 500 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 2.3 days.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

DVLU opened at $28.81 on Wednesday. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $21.10 and a one year high of $30.50. The business has a 50 day simple moving average of $28.56 and a two-hundred day simple moving average of $28.38. The firm has a market capitalization of $31.70 million, a price-to-earnings ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.0821 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.14%.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 555,882 shares of the company’s stock after purchasing an additional 2,150 shares during the quarter. Commonwealth Equity Services LLC owned about 50.53% of First Trust Dorsey Wright Momentum & Value ETF worth $15,587,000 as of its most recent filing with the Securities & Exchange Commission.

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.