First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Short Interest Down 44.8% in April

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,797 shares, a decrease of 44.8% from the April 15th total of 3,253 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 3,877 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Down 1.1%

DVOL stock traded down $0.39 during trading on Friday, reaching $36.37. 2,351 shares of the company’s stock were exchanged, compared to its average volume of 10,897. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1-year low of $33.60 and a 1-year high of $37.50. The company’s fifty day moving average price is $35.69 and its 200-day moving average price is $35.61. The firm has a market cap of $72.74 million, a PE ratio of 24.91 and a beta of 0.78.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0292 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Csenge Advisory Group boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.4% during the 4th quarter. Csenge Advisory Group now owns 567,061 shares of the company’s stock worth $19,867,000 after acquiring an additional 23,861 shares during the period. Raymond James Financial Inc. boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.4% during the 3rd quarter. Raymond James Financial Inc. now owns 203,741 shares of the company’s stock worth $7,224,000 after acquiring an additional 22,519 shares during the period. Baird Financial Group Inc. boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% during the 2nd quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock worth $2,653,000 after acquiring an additional 1,316 shares during the period. Royal Bank of Canada boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 358,931.6% during the 4th quarter. Royal Bank of Canada now owns 68,216 shares of the company’s stock worth $2,390,000 after acquiring an additional 68,197 shares during the period. Finally, Two Sigma Investments LP boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 123.4% during the 3rd quarter. Two Sigma Investments LP now owns 48,700 shares of the company’s stock worth $1,727,000 after acquiring an additional 26,900 shares during the period.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.