Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Expands By 292.3%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 20,400 shares, a growth of 292.3% from the October 15th total of 5,200 shares. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Large investors have recently bought and sold shares of the company. Private Advisory Group LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at approximately $3,003,000. Atomi Financial Group Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at approximately $516,000. Cetera Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter valued at approximately $205,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 21,909 shares of the company’s stock valued at $746,000 after purchasing an additional 1,780 shares during the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

Shares of NASDAQ DDIV traded down $0.18 during trading hours on Wednesday, hitting $39.59. The company’s stock had a trading volume of 3,134 shares, compared to its average volume of 10,193. The stock has a market cap of $69.28 million, a price-to-earnings ratio of 13.54 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $27.90 and a 12 month high of $40.22. The business has a 50-day simple moving average of $37.13 and a 200-day simple moving average of $35.13.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1823 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.73 annualized dividend and a yield of 1.84%.

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.