First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 5,200 shares, an increase of 420.0% from the September 30th total of 1,000 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

DDIV stock traded down $0.19 during midday trading on Friday, hitting $37.59. 6,841 shares of the stock traded hands, compared to its average volume of 10,134. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $26.48 and a 1-year high of $38.34. The firm has a market cap of $63.90 million, a P/E ratio of 13.54 and a beta of 0.99. The stock’s fifty day simple moving average is $36.44 and its 200-day simple moving average is $34.60.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1823 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the first quarter valued at approximately $205,000. Atomi Financial Group Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth $516,000. Janney Montgomery Scott LLC increased its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,909 shares of the company’s stock worth $746,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at about $3,003,000.

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.