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 significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 20,400 shares, an increase of 292.3% from the October 15th total of 5,200 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.5 %

DDIV stock traded down $0.18 during midday trading on Wednesday, reaching $39.59. The company’s stock had a trading volume of 3,134 shares, compared to its average volume of 10,193. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $27.90 and a 52 week high of $40.22. The stock has a market cap of $69.28 million, a PE ratio of 13.54 and a beta of 0.99. The business’s 50-day simple moving average is $37.13 and its 200-day simple moving average is $35.13.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1823 per share. 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 1.84%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in DDIV. Private Advisory Group LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter worth about $3,003,000. Atomi Financial Group Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter worth about $516,000. Cetera Advisors LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter valued at about $205,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,909 shares of the company’s stock worth $746,000 after acquiring an additional 1,780 shares during the period.

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.