First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 6.4% in November

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 19,100 shares, a decline of 6.4% from the October 31st total of 20,400 shares. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter worth approximately $205,000. Atomi Financial Group Inc. bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter valued at $516,000. Finally, Private Advisory Group LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth $3,003,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

First Trust Dorsey Wright Momentum & Dividend ETF stock traded down $0.17 on Tuesday, reaching $40.10. The company’s stock had a trading volume of 6,507 shares, compared to its average volume of 10,164. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $28.86 and a twelve month high of $41.08. The business’s fifty day moving average price is $38.37 and its 200 day moving average price is $35.82. The company has a market cap of $70.18 million, a price-to-earnings ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1823 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.82%.

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.