Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Grows By 127.5%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 9,100 shares, an increase of 127.5% from the November 30th total of 4,000 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 2.1 days.

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

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,882 shares of the company’s stock after acquiring an additional 2,150 shares during the quarter. Commonwealth Equity Services LLC owned 50.53% of First Trust Dorsey Wright Momentum & Value ETF worth $15,587,000 as of its most recent SEC filing.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of First Trust Dorsey Wright Momentum & Value ETF stock opened at $29.54 on Friday. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $25.18 and a twelve month high of $33.06. The firm has a market cap of $31.02 million, a P/E ratio of 8.64 and a beta of 1.18. The firm’s 50-day simple moving average is $31.19 and its 200-day simple moving average is $30.06.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.1407 dividend. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust Dorsey Wright Momentum & Value ETF

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.