First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Sees Significant Increase in Short Interest

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 22,200 shares, an increase of 16.2% from the November 15th total of 19,100 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 1.8 days.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Down 0.0 %

First Trust Dorsey Wright Momentum & Dividend ETF stock traded down $0.01 on Monday, reaching $38.91. 20,018 shares of the stock were exchanged, compared to its average volume of 10,099. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $29.14 and a twelve month high of $41.08. The firm has a fifty day moving average price of $38.89 and a two-hundred day moving average price of $36.20. The stock has a market cap of $68.09 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.2885 per share. The ex-dividend date of this dividend is Friday, December 13th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter valued at $205,000. Atomi Financial Group Inc. bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter worth about $516,000. Finally, Private Advisory Group LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at about $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.