First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Up 34.7% in December

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 13,600 shares, a growth of 34.7% from the December 15th total of 10,100 shares. Based on an average daily volume of 13,900 shares, the short-interest ratio is presently 1.0 days.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.9 %

Shares of NASDAQ:DDIV opened at $39.82 on Friday. The company has a market cap of $71.68 million, a price-to-earnings ratio of 13.54 and a beta of 0.99. The business has a 50 day moving average price of $39.08 and a 200 day moving average price of $36.97. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $29.14 and a twelve month high of $41.08.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2885 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds 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 bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $203,000. Atomi Financial Group Inc. bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at about $516,000. Finally, Private Advisory Group LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter valued at 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.