First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Up 34.7% in January

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 13,600 shares, a growth of 34.7% from the December 31st total of 10,100 shares. Based on an average trading volume of 13,900 shares, the short-interest ratio is presently 1.0 days.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 1.0 %

NASDAQ DDIV opened at $39.70 on Friday. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $29.75 and a fifty-two week high of $41.08. The business has a 50 day moving average price of $39.14 and a two-hundred day moving average price of $37.37. The stock has a market cap of $77.42 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2885 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDIV. Private Advisory Group LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at about $3,003,000. Atomi Financial Group Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at approximately $516,000. J.W. Cole Advisors Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth approximately $203,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at approximately $203,000.

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.