First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 320.0% in September

Posted by Latisha Jones on Sep 27th, 2024

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 2,100 shares, a growth of 320.0% from the August 31st total of 500 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 0.4 days.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.6 %

First Trust Dorsey Wright Momentum & Value ETF stock opened at $30.62 on Friday. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $21.10 and a 1-year high of $31.03. The company has a fifty day simple moving average of $29.64 and a 200 day simple moving average of $29.02. The company has a market cap of $33.68 million, a P/E ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be given a $0.0431 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, September 26th.

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. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 553,732 shares of the company’s stock after acquiring an additional 3,431 shares during the quarter. Commonwealth Equity Services LLC owned approximately 61.53% of First Trust Dorsey Wright Momentum & Value ETF worth $16,678,000 as of its most recent SEC filing.

About First Trust Dorsey Wright Momentum & Value ETF

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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.