Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 6.4%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 19,100 shares, a drop of 6.4% from the October 31st total of 20,400 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

Shares of NASDAQ DDIV traded down $0.17 during trading on Tuesday, hitting $40.10. The company had a trading volume of 6,508 shares, compared to its average volume of 10,164. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $28.86 and a 12 month high of $41.08. The firm has a market capitalization of $70.18 million, a P/E ratio of 13.54 and a beta of 0.99. The stock has a 50 day simple moving average of $38.43 and a 200 day simple moving average of $35.86.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1823 dividend. This represents a $0.73 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DDIV. Cetera Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter valued at about $205,000. Atomi Financial Group Inc. bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at approximately $516,000. Finally, Private Advisory Group LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at approximately $3,003,000.

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.