First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Large Drop in Short Interest

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 2,419 shares, a decline of 88.1% from the August 31st total of 20,289 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,892 shares, the short-interest ratio is currently 0.8 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

NASDAQ DVLU opened at $38.88 on Friday. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $32.53 and a one year high of $42.55. The stock has a 50 day moving average price of $40.94 and a 200-day moving average price of $38.66. The company has a market capitalization of $46.66 million, a P/E ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.0922 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 24th. This is a negative change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992.

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

A hedge fund recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers lifted its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,183 shares of the company’s stock after purchasing an additional 3,785 shares during the period. Cetera Investment Advisers owned 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 at the end of the most recent quarter.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.