First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 5,400 shares, a decline of 62.2% from the May 31st total of 14,300 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 1.0 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Up 0.2 %

Shares of DVLU traded up $0.06 during trading hours on Friday, reaching $28.04. 1,974 shares of the company traded hands, compared to its average volume of 4,575. The company’s fifty day moving average price is $28.61 and its two-hundred day moving average price is $27.67. The company has a market capitalization of $25.24 million, a price-to-earnings ratio of 8.64 and a beta of 1.18. First Trust Dorsey Wright Momentum & Value ETF has a 12 month low of $21.10 and a 12 month high of $30.34.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 27th will be issued a $0.0821 dividend. This represents a $0.33 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, June 27th.

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

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC lifted its stake in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 553,732 shares of the company’s stock after buying an additional 3,431 shares during the quarter. Commonwealth Equity Services LLC owned approximately 61.53% of First Trust Dorsey Wright Momentum & Value ETF worth $16,678,000 at the end of the most recent reporting period.

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.