First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Down 34.8% in May

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 5,775 shares, a drop of 34.8% from the May 14th total of 8,858 shares. Based on an average daily volume of 2,921 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the company’s stock are short sold.

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

Shares of DDIV traded up $0.25 during midday trading on Tuesday, reaching $45.20. 853 shares of the stock were exchanged, compared to its average volume of 5,376. First Trust Dorsey Wright Momentum & Dividend ETF has a 12-month low of $36.97 and a 12-month high of $45.51. The firm has a 50 day simple moving average of $44.22 and a 200-day simple moving average of $42.74. The company has a market cap of $70.06 million, a price-to-earnings ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0937 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.8%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $42,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at approximately $100,000. Ameritas Advisory Services LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter valued at approximately $121,000. Western Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter valued at approximately $146,000. Finally, Insight Advisors LLC PA bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at approximately $201,000.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.