First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 5,400 shares, a drop of 62.2% from the May 31st total of 14,300 shares. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF
An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC increased its stake in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 553,732 shares of the company’s stock after purchasing an additional 3,431 shares during the quarter. Commonwealth Equity Services LLC owned approximately 61.53% of First Trust Dorsey Wright Momentum & Value ETF worth $16,678,000 as of its most recent filing with the Securities and Exchange Commission.
First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.2 %
Shares of DVLU stock traded up $0.06 during mid-day trading on Friday, reaching $28.04. The stock had a trading volume of 1,974 shares, compared to its average volume of 4,575. First Trust Dorsey Wright Momentum & Value ETF has a 12-month low of $21.10 and a 12-month high of $30.34. The company has a market cap of $25.24 million, a P/E ratio of 8.64 and a beta of 1.18. The business has a 50-day simple moving average of $28.61 and a 200 day simple moving average of $27.67.
First Trust Dorsey Wright Momentum & Value ETF Announces Dividend
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.
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