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

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 22,200 shares, an increase of 16.2% from the November 15th total of 19,100 shares. Based on an average trading volume of 12,100 shares, the short-interest ratio is presently 1.8 days.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

DDIV traded up $0.04 on Monday, reaching $38.96. 20,247 shares of the company traded hands, compared to its average volume of 10,101. The stock’s 50 day moving average price is $38.89 and its 200-day moving average price is $36.20. First Trust Dorsey Wright Momentum & Dividend ETF has a 52-week low of $29.14 and a 52-week high of $41.08. The company has a market cap of $68.18 million, a price-to-earnings ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.2885 per share. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter valued at approximately $205,000. Atomi Financial Group Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at approximately $516,000. Finally, Private Advisory Group LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at approximately $3,003,000.

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.