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

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

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

NASDAQ DDIV opened at $39.82 on Friday. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $29.14 and a 52 week high of $41.08. The stock’s 50 day moving average price is $39.08 and its two-hundred day moving average price is $36.97. The stock has a market capitalization of $71.68 million, a price-to-earnings ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2885 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DDIV. Atomi Financial Group Inc. bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter worth about $516,000. Private Advisory Group LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at about $3,003,000. Finally, Janney Montgomery Scott LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth about $203,000.

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.