First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV – Get Free Report) saw a significant growth in short interest in the month of 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 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 and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the first quarter valued at $205,000. Atomi Financial Group Inc. bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at about $516,000. Janney Montgomery Scott LLC boosted its holdings 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 valued at $746,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Private Advisory Group LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at about $3,003,000.
First Trust Dorsey Wright Momentum & Dividend ETF Price Performance
Shares of NASDAQ DDIV traded down $0.30 during trading hours on Friday, reaching $37.48. The stock had a trading volume of 7,701 shares, compared to its average volume of 10,139. The business’s fifty day moving average is $36.49 and its two-hundred day moving average is $34.63. The company has a market cap 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 has a twelve month low of $26.48 and a twelve month high of $38.34.
First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend
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.
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