First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Shorted: Short Interest Up 972.1% in October

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,458 shares, an increase of 972.1% from the September 30th total of 136 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,418 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased 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 valued at $4,106,000 after acquiring an additional 5,868 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% during 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 in the last quarter. Bank of America Corp DE boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% during the first quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock valued at $826,000 after purchasing an additional 302 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter valued at approximately $146,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.5%

DDIV traded down $0.22 during trading on Tuesday, reaching $45.42. 207 shares of the company’s stock were exchanged, compared to its average volume of 6,791. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $38.69 and a fifty-two week high of $47.84. The business has a 50 day moving average price of $45.44 and a 200 day moving average price of $44.32. The company has a market capitalization of $72.67 million, a P/E ratio of 17.21 and a beta of 0.93.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1757 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.5%. This is a negative change from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.1843.

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.