First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Short Interest Drops 54.6%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,094 shares, a decline of 54.6% from the September 30th total of 2,409 shares. Based on an average trading volume of 7,595 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Value ETF

A hedge fund recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers boosted its position 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 disclosure with the SEC. The firm owned 31,183 shares of the company’s stock after buying 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 reporting period.

First Trust Dorsey Wright Momentum & Value ETF Trading Down 0.6%

First Trust Dorsey Wright Momentum & Value ETF stock traded down $0.25 during mid-day trading on Friday, hitting $39.22. The company had a trading volume of 227 shares, compared to its average volume of 5,981. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $32.53 and a 12-month high of $42.55. The company’s fifty day moving average is $39.84 and its 200-day moving average is $38.33. The company has a market capitalization of $47.07 million, a price-to-earnings ratio of 14.02 and a beta of 1.04.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0922 per share. This is a negative change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.37 annualized dividend and a dividend yield of 0.9%.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

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.