First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 66.7% in November

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,000 shares, an increase of 66.7% from the October 31st total of 3,000 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 1.2 days.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.1 %

NASDAQ:DVLU traded up $0.05 during trading hours on Friday, hitting $32.65. 253 shares of the company were exchanged, compared to its average volume of 4,584. The company has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $29.86. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $23.78 and a one year high of $33.06. The stock has a market capitalization of $34.28 million, a price-to-earnings ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.0431 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

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

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.