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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 500 shares, an increase of 400.0% from the June 30th total of 100 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

Shares of NASDAQ DVLU traded up $0.33 during midday trading on Thursday, hitting $29.46. The company’s stock had a trading volume of 261 shares, compared to its average volume of 4,244. The business’s fifty day simple moving average is $28.58 and its two-hundred day simple moving average is $28.05. First Trust Dorsey Wright Momentum & Value ETF has a 1 year low of $21.10 and a 1 year high of $30.34. The firm has a market capitalization of $32.41 million, a price-to-earnings ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.0821 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.33 annualized dividend and a yield of 1.11%.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Private Advisory Group LLC boosted its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 310.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,732 shares of the company’s stock after acquiring an additional 96,601 shares during the quarter. Private Advisory Group LLC owned 11.61% of First Trust Dorsey Wright Momentum & Value ETF worth $3,582,000 at the end of the most recent quarter.

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.