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

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,000 shares, a growth of 66.7% from the September 15th total of 600 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds have recently bought and sold shares of the stock. Private Advisory Group LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter worth about $3,003,000. Atomi Financial Group Inc. purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter worth approximately $516,000. Cetera Advisors LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter valued at approximately $205,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% in 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 in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 1.6 %

DDIV stock traded up $0.61 during midday trading on Friday, hitting $37.45. The company’s stock had a trading volume of 1,897 shares, compared to its average volume of 9,987. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $26.48 and a 12 month high of $37.45. The company has a 50 day moving average of $35.70 and a two-hundred day moving average of $34.34. The firm has a market capitalization of $63.66 million, a price-to-earnings ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid 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 1.95%.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.