First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Short Interest Up 2,074.2% in May

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 11,871 shares, an increase of 2,074.2% from the May 14th total of 546 shares. Based on an average daily trading volume, of 18,779 shares, the short-interest ratio is presently 0.6 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the first quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock worth $686,000 after buying an additional 2,125 shares during the period. Balefire LLC grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% during the first quarter. Balefire LLC now owns 33,142 shares of the company’s stock worth $1,146,000 after acquiring an additional 10,840 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the first quarter worth about $342,000. Royal Bank of Canada increased its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 358,931.6% in the 4th quarter. Royal Bank of Canada now owns 68,216 shares of the company’s stock worth $2,390,000 after acquiring an additional 68,197 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 4th quarter worth about $111,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Up 1.3%

NASDAQ DVOL traded up $0.46 during trading hours on Tuesday, reaching $36.04. The company’s stock had a trading volume of 5,399 shares, compared to its average volume of 11,185. The business has a 50-day simple moving average of $36.11 and a 200 day simple moving average of $35.78. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52 week low of $33.60 and a 52 week high of $37.50. The stock has a market cap of $72.08 million, a PE ratio of 24.91 and a beta of 0.76.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0292 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.