First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 11,449 shares, a drop of 54.0% from the June 15th total of 24,888 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 11,627 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in First Trust Dorsey Wright Momentum & Value ETF by 13.8% in the first quarter. Cetera Investment Advisers now owns 31,183 shares of the company’s stock valued at $1,067,000 after acquiring an additional 3,785 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 3.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after purchasing an additional 349 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter valued at $315,000. Osaic Holdings Inc. grew its position in First Trust Dorsey Wright Momentum & Value ETF by 11.0% in the 4th quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock valued at $6,280,000 after purchasing an additional 17,450 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after purchasing an additional 7,765 shares in the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

Shares of First Trust Dorsey Wright Momentum & Value ETF stock traded up $0.23 during trading on Thursday, reaching $40.70. 2,694 shares of the company traded hands, compared to its average volume of 6,355. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $29.40 and a 1-year high of $40.89. The company has a 50 day moving average price of $38.95 and a 200-day moving average price of $37.05. The firm has a market capitalization of $46.80 million, a PE ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0992 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

About First Trust Dorsey Wright Momentum & Value ETF

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.