First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Decrease in Short Interest

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 100 shares, a drop of 98.1% from the June 15th total of 5,400 shares. Based on an average trading volume of 5,300 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Value ETF

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 553,732 shares of the company’s stock after acquiring an additional 3,431 shares during the period. Commonwealth Equity Services LLC owned approximately 61.53% of First Trust Dorsey Wright Momentum & Value ETF worth $16,678,000 at the end of the most recent reporting period.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 2.7 %

NASDAQ DVLU traded up $0.75 during trading on Thursday, hitting $28.54. 2,544 shares of the company traded hands, compared to its average volume of 4,403. First Trust Dorsey Wright Momentum & Value ETF has a 12 month low of $21.10 and a 12 month high of $30.34. The business has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $27.82. The company has a market capitalization of $31.39 million, a P/E ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.0821 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, June 27th.

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.