Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Declines By 39.5%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 20,289 shares, a decrease of 39.5% from the August 15th total of 33,535 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 7,415 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,183 shares of the company’s stock after acquiring an additional 3,785 shares during the quarter. Cetera Investment Advisers owned approximately 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 at the end of the most recent quarter.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

First Trust Dorsey Wright Momentum & Value ETF stock traded up $0.21 during midday trading on Wednesday, reaching $40.37. The stock had a trading volume of 2,989 shares, compared to its average volume of 6,165. First Trust Dorsey Wright Momentum & Value ETF has a twelve month low of $32.37 and a twelve month high of $42.55. The firm has a market cap of $80.69 million, a price-to-earnings ratio of 14.02 and a beta of 1.03. The firm’s fifty day simple moving average is $41.04 and its two-hundred day simple moving average is $38.47.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0992 dividend. 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. The ex-dividend date of this dividend was Thursday, June 25th.

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.