Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 96.1%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 768 shares, a drop of 96.1% from the August 15th total of 19,868 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 16,888 shares, the days-to-cover ratio is currently 0.0 days.

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

Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock worth $364,000 after purchasing an additional 1,041 shares during the last quarter. UBS Group AG grew its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 25.3% in the third quarter. UBS Group AG now owns 20,251 shares of the company’s stock worth $814,000 after purchasing an additional 4,095 shares during the last quarter. Raymond James Financial Inc. increased its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% in the 3rd quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock worth $937,000 after buying an additional 2,285 shares during the period. Bank of America Corp DE increased its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% in the 3rd quarter. Bank of America Corp DE now owns 20,131 shares of the company’s stock worth $809,000 after buying an additional 1,148 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 11.6% during the 4th quarter. HighTower Advisors LLC now owns 8,768 shares of the company’s stock valued at $364,000 after buying an additional 911 shares in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

NASDAQ DDIV traded up $0.31 during trading on Friday, hitting $45.80. The stock had a trading volume of 4,469 shares, compared to its average volume of 6,816. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $38.69 and a one year high of $47.84. The stock has a 50 day simple moving average of $46.75 and a 200 day simple moving average of $44.52. The stock has a market capitalization of $73.28 million, a price-to-earnings ratio of 17.21 and a beta of 0.90.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1843 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

About First Trust Dorsey Wright Momentum & Dividend ETF

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.