First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a decrease of 87.7% from the February 28th total of 8,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is currently 0.1 days.

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

Large investors have recently added to or reduced their stakes in the stock. Virtus Wealth Solutions LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth about $9,190,000. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the company’s stock worth $6,383,000 after buying an additional 7,384 shares in the last quarter. LPL Financial LLC raised its position in First Trust Dorsey Wright Momentum & Dividend ETF by 1.6% in the fourth quarter. LPL Financial LLC now owns 155,968 shares of the company’s stock valued at $5,891,000 after purchasing an additional 2,508 shares during the last quarter. Independent Advisor Alliance bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth approximately $3,744,000. Finally, Kesler Norman & Wride LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $1,918,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.4 %

Shares of NASDAQ DDIV traded down $0.17 during trading hours on Wednesday, hitting $38.47. The company had a trading volume of 2,409 shares, compared to its average volume of 13,975. The firm’s 50 day moving average is $38.97 and its 200-day moving average is $38.42. The stock has a market capitalization of $76.94 million, a P/E ratio of 19.47 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $32.02 and a 1-year high of $41.08.

About First Trust Dorsey Wright Momentum & Dividend ETF

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.