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 significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 5,200 shares, a growth of 147.6% from the September 15th total of 2,100 shares. Based on an average trading volume of 4,500 shares, the short-interest ratio is currently 1.2 days.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

NASDAQ:DVLU traded up $0.51 during trading hours on Friday, hitting $31.31. 3,186 shares of the company were exchanged, compared to its average volume of 4,433. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $21.10 and a 52-week high of $31.31. The stock has a market capitalization of $32.88 million, a price-to-earnings ratio of 8.64 and a beta of 1.18. The company’s 50 day moving average price is $29.89 and its 200-day moving average price is $29.17.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0431 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, September 26th.

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

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC increased its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 553,732 shares of the company’s stock after buying an additional 3,431 shares during the quarter. Commonwealth Equity Services LLC owned about 61.53% of First Trust Dorsey Wright Momentum & Value ETF worth $16,678,000 at the end of the most recent reporting period.

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.