First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 500 shares, an increase of 400.0% from the June 30th total of 100 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Private Advisory Group LLC boosted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 310.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,732 shares of the company’s stock after purchasing an additional 96,601 shares during the period. Private Advisory Group LLC owned about 11.61% of First Trust Dorsey Wright Momentum & Value ETF worth $3,582,000 as of its most recent SEC filing.
First Trust Dorsey Wright Momentum & Value ETF Stock Up 1.1 %
DVLU traded up $0.33 during midday trading on Thursday, reaching $29.46. 261 shares of the company’s stock were exchanged, compared to its average volume of 4,244. The firm has a market capitalization of $32.41 million, a price-to-earnings ratio of 8.64 and a beta of 1.18. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $21.10 and a one year high of $30.34. The business has a 50-day simple moving average of $28.58 and a two-hundred day simple moving average of $28.05.
First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement
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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