First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 768 shares, a decrease of 96.1% from the August 15th total of 19,868 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,888 shares, the days-to-cover ratio is presently 0.0 days.

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

Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at approximately $100,000. Western Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter worth $146,000. Insight Advisors LLC PA bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at $201,000. Janney Montgomery Scott LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth $201,000. Finally, Legacy Capital Wealth Management LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth $228,000.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of DDIV traded up $0.39 during trading hours on Friday, hitting $45.88. The stock had a trading volume of 1,179 shares, compared to its average volume of 6,783. The firm has a market capitalization of $73.41 million, a PE ratio of 17.21 and a beta of 0.90. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $38.69 and a 12 month high of $47.84. The stock has a fifty day moving average price of $46.76 and a 200 day moving average price of $44.53.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

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

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.