Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Expands By 292.3%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 20,400 shares, an increase of 292.3% from the October 15th total of 5,200 shares. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Down 0.5 %

Shares of First Trust Dorsey Wright Momentum & Dividend ETF stock traded down $0.18 during trading on Wednesday, hitting $39.59. The stock had a trading volume of 3,134 shares, compared to its average volume of 10,193. The firm has a market cap of $69.28 million, a price-to-earnings ratio of 13.54 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a 12 month low of $27.90 and a 12 month high of $40.22. The business’s 50-day moving average is $37.13 and its 200 day moving average is $35.13.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1823 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.84%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the first quarter valued at $205,000. Janney Montgomery Scott LLC boosted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 21,909 shares of the company’s stock valued at $746,000 after buying an additional 1,780 shares during the period. Private Advisory Group LLC purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at about $3,003,000. Finally, Atomi Financial Group Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at about $516,000.

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.