First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Short Interest Update

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 37,522 shares, an increase of 329.6% from the June 15th total of 8,735 shares. Based on an average trading volume of 9,302 shares, the short-interest ratio is presently 4.0 days. Approximately 1.9% of the shares of the stock are short sold.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 3rd quarter worth $39,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter valued at $111,000. Envestnet Asset Management Inc. bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 3rd quarter worth $201,000. Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 1st quarter worth $342,000. Finally, Concurrent Investment Advisors LLC grew its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 45.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 10,985 shares of the company’s stock worth $385,000 after acquiring an additional 3,434 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Up 0.4%

Shares of NASDAQ DVOL traded up $0.15 during midday trading on Friday, hitting $37.12. 4,255 shares of the company’s stock were exchanged, compared to its average volume of 10,453. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 12-month low of $33.60 and a 12-month high of $37.50. The company has a market cap of $72.38 million, a price-to-earnings ratio of 24.91 and a beta of 0.75. The business’s fifty day moving average price is $36.45 and its two-hundred day moving average price is $36.06.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0989 per share. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 1.1%.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

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.