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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at approximately $203,000. Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth $203,000. Atomi Financial Group Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at about $516,000. Finally, Private Advisory Group LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth about $3,003,000.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Down 1.0 %

DDIV opened at $39.70 on Friday. The stock’s fifty day simple moving average is $39.14 and its 200 day simple moving average is $37.37. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $29.75 and a 1-year high of $41.08. The stock has a market cap of $77.42 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

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

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.