Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Increases By 420.0%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 5,200 shares, a growth of 420.0% from the September 30th total of 1,000 shares. Based on an average daily trading volume, of 15,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% in the first 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 in the last quarter. Cetera Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter valued at approximately $205,000. Atomi Financial Group Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth approximately $516,000. Finally, Private Advisory Group LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at approximately $3,003,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.8 %

DDIV stock traded down $0.30 during mid-day trading on Friday, hitting $37.48. The company had a trading volume of 7,701 shares, compared to its average volume of 10,139. The company has a 50-day moving average price of $36.49 and a 200 day moving average price of $34.62. First Trust Dorsey Wright Momentum & Dividend ETF has a 12-month low of $26.48 and a 12-month high of $38.34. The company has a market capitalization of $63.72 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1823 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 26th.

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.