First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Up 249.9% in August

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 19,868 shares, an increase of 249.9% from the July 30th total of 5,678 shares. Based on an average trading volume of 7,834 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.2% of the shares of the company are short sold.

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

Shares of NASDAQ:DDIV opened at $47.04 on Thursday. The firm has a market capitalization of $75.26 million, a PE ratio of 17.21 and a beta of 0.91. The company has a 50-day moving average price of $46.54 and a two-hundred day moving average price of $44.32. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $38.69 and a twelve month high of $47.84.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

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

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. raised its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% in the fourth quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock worth $6,657,000 after buying an additional 33,116 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 2.4% in the 4th quarter. LPL Financial LLC now owns 142,020 shares of the company’s stock worth $5,900,000 after acquiring an additional 3,394 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 6.9% in the second quarter. Concurrent Investment Advisors LLC now owns 91,063 shares of the company’s stock worth $4,106,000 after purchasing an additional 5,868 shares during the last quarter. Kesler Norman & Wride LLC lifted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.7% in the 4th quarter. Kesler Norman & Wride LLC now owns 57,750 shares of the company’s stock valued at $2,399,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the first quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock valued at $1,446,000 after purchasing an additional 9,493 shares during the last quarter.

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.