First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Up 420.0% in October

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 5,200 shares, an increase of 420.0% from the September 30th total of 1,000 shares. Based on an average trading volume of 15,800 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of DDIV stock traded down $0.19 during trading hours on Friday, hitting $37.59. The company had a trading volume of 6,841 shares, compared to its average volume of 10,134. The company’s fifty day moving average is $36.44 and its 200 day moving average is $34.60. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $26.48 and a fifty-two week high of $38.34. The stock has a market capitalization of $63.90 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1823 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.73 annualized dividend and a yield of 1.94%.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,909 shares of the company’s stock valued at $746,000 after purchasing an additional 1,780 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter worth about $205,000. Atomi Financial Group Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth about $516,000. Finally, Private Advisory Group LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth approximately $3,003,000.

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.