First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 87.7% in March

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a decrease of 87.7% from the February 28th total of 8,100 shares. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

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

Several hedge funds have recently bought and sold shares of DDIV. Virtus Wealth Solutions LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth approximately $9,190,000. Commonwealth Equity Services LLC increased its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the company’s stock valued at $6,383,000 after purchasing an additional 7,384 shares during the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 1.6% during the 4th quarter. LPL Financial LLC now owns 155,968 shares of the company’s stock worth $5,891,000 after buying an additional 2,508 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth $3,744,000. Finally, Kesler Norman & Wride LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at about $1,918,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

Shares of NASDAQ DDIV traded down $0.36 during mid-day trading on Thursday, reaching $38.16. The company had a trading volume of 6,544 shares, compared to its average volume of 13,948. The firm has a market cap of $76.32 million, a price-to-earnings ratio of 19.47 and a beta of 0.99. The business’s 50-day simple moving average is $38.97 and its 200 day simple moving average is $38.42. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $32.02 and a one year high of $41.08.

About First Trust Dorsey Wright Momentum & Dividend ETF

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.