Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Decreases By 21.1%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 3,000 shares, a decline of 21.1% from the October 15th total of 3,800 shares. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC grew its stake in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 555,882 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ:DVLU traded down $0.13 during trading on Friday, reaching $31.62. 413 shares of the stock traded hands, compared to its average volume of 4,721. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $23.26 and a 52-week high of $32.69. The stock has a 50-day moving average of $30.86 and a two-hundred day moving average of $29.59. The stock has a market cap of $33.20 million, a P/E ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0431 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, September 26th.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

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.