First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Update

Posted by Dante Gardener on Oct 13th, 2024

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 5,200 shares, a growth of 147.6% from the September 15th total of 2,100 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors 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. Private Advisory Group LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 310.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 127,732 shares of the company’s stock after purchasing 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 as of its most recent filing with the SEC.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 1.7 %

NASDAQ:DVLU opened at $31.31 on Friday. First Trust Dorsey Wright Momentum & Value ETF has a 1 year low of $21.10 and a 1 year high of $31.31. The firm’s fifty day simple moving average is $29.95 and its 200 day simple moving average is $29.18. The firm has a market capitalization of $32.88 million, a PE ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0431 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.55%.

About First Trust Dorsey Wright Momentum & Value ETF

(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.