First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,678 shares, a drop of 37.1% from the July 15th total of 9,022 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 15,798 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock valued at $364,000 after buying an additional 1,041 shares during the period. UBS Group AG raised its position in First Trust Dorsey Wright Momentum & Dividend ETF by 25.3% in the third quarter. UBS Group AG now owns 20,251 shares of the company’s stock worth $814,000 after acquiring an additional 4,095 shares during the period. Raymond James Financial Inc. boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% in the third quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock valued at $937,000 after acquiring an additional 2,285 shares during the last quarter. Bank of America Corp DE boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% in the third quarter. Bank of America Corp DE now owns 20,131 shares of the company’s stock valued at $809,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock valued at $3,309,000 after acquiring an additional 45,324 shares during the period.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.6%

First Trust Dorsey Wright Momentum & Dividend ETF stock traded down $0.29 during mid-day trading on Wednesday, reaching $47.16. 1,511 shares of the company’s stock were exchanged, compared to its average volume of 6,137. The business’s fifty day simple moving average is $46.32 and its 200 day simple moving average is $44.15. The firm has a market capitalization of $75.46 million, a PE ratio of 17.21 and a beta of 0.91. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $38.69 and a one year high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1843 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.74 annualized dividend and a dividend yield of 1.6%. This is a boost from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

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.