First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 87.7% in March

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a decline of 87.7% from the February 28th total of 8,100 shares. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

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

Several large investors have recently added to or reduced their stakes in DDIV. Wells Fargo & Company MN grew its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 61.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,834 shares of the company’s stock valued at $69,000 after purchasing an additional 699 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth about $203,000. Janney Montgomery Scott LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at $203,000. Advisory Services Network LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth about $213,000. Finally, Sigma Planning Corp acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at about $224,000.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of DDIV traded down $0.17 during midday trading on Wednesday, hitting $38.47. The stock had a trading volume of 2,409 shares, compared to its average volume of 13,975. First Trust Dorsey Wright Momentum & Dividend ETF has a 1 year low of $32.02 and a 1 year high of $41.08. The stock’s 50 day moving average is $38.97 and its 200 day moving average is $38.42. The firm has a market cap of $76.94 million, a PE ratio of 19.47 and a beta of 0.99.

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.