Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Expands By 127.5%

Posted by Stacy Sanders on Dec 29th, 2024

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 9,100 shares, a growth of 127.5% from the November 30th total of 4,000 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 2.1 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ DVLU opened at $29.30 on Friday. The stock has a fifty day moving average of $31.14 and a 200-day moving average of $30.08. First Trust Dorsey Wright Momentum & Value ETF has a fifty-two week low of $25.18 and a fifty-two week high of $33.06. The stock has a market cap of $30.77 million, a PE ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.1407 per share. The ex-dividend date of this dividend is Friday, December 13th.

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

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,882 shares of the company’s stock after purchasing an additional 2,150 shares during the quarter. Commonwealth Equity Services LLC owned 50.53% of First Trust Dorsey Wright Momentum & Value ETF worth $15,587,000 at the end of the most recent quarter.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

(Get Free Report)

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.