Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 60.2%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 8,800 shares, a decrease of 60.2% from the January 31st total of 22,100 shares. Based on an average trading volume of 16,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 7.9% in the fourth quarter. Cetera Investment Advisers now owns 8,235 shares of the company’s stock valued at $311,000 after purchasing an additional 602 shares in the last quarter. Wells Fargo & Company MN grew its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 61.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,834 shares of the company’s stock worth $69,000 after buying an additional 699 shares in the last quarter. LPL Financial LLC increased its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 1.6% in the fourth quarter. LPL Financial LLC now owns 155,968 shares of the company’s stock valued at $5,891,000 after acquiring an additional 2,508 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at $203,000. Finally, J.W. Cole Advisors Inc. acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth about $203,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.7 %

NASDAQ DDIV traded up $0.28 during midday trading on Friday, hitting $39.39. The company had a trading volume of 1,879 shares, compared to its average volume of 21,510. The firm has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $38.08. The stock has a market cap of $78.78 million, a price-to-earnings ratio of 13.54 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $31.54 and a fifty-two week high of $41.08.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2885 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.