First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 20,400 shares, an increase of 292.3% from the October 15th total of 5,200 shares. Based on an average daily volume of 12,600 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

A number of hedge funds have recently bought and sold shares of DDIV. Cetera Advisors LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter worth about $205,000. Atomi Financial Group Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth $516,000. Janney Montgomery Scott LLC boosted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 21,909 shares of the company’s stock worth $746,000 after purchasing an additional 1,780 shares in the last quarter. Finally, Private Advisory Group LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter worth $3,003,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.5 %

Shares of DDIV stock traded down $0.18 during trading hours on Wednesday, hitting $39.59. 3,134 shares of the company’s stock were exchanged, compared to its average volume of 10,193. The firm has a market cap of $69.28 million, a P/E ratio of 13.54 and a beta of 0.99. The firm has a 50 day moving average of $37.13 and a two-hundred day moving average of $35.13. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $27.90 and a fifty-two week high of $40.22.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1823 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.84%. 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.