First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Up 320.0% in September

Posted by Frank Smitson on Sep 27th, 2024

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,100 shares, an increase of 320.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 0.4 days.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.6 %

Shares of NASDAQ DVLU opened at $30.62 on Friday. The firm has a market cap of $33.68 million, a P/E ratio of 8.64 and a beta of 1.18. The business’s 50 day moving average is $29.64 and its 200-day moving average is $29.02. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $21.10 and a 1-year high of $31.03.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.0431 per share. This represents a $0.17 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, September 26th.

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

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Private Advisory Group LLC increased its stake in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 310.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,732 shares of the company’s stock after buying an additional 96,601 shares during the quarter. Private Advisory Group LLC owned about 11.61% of First Trust Dorsey Wright Momentum & Value ETF worth $3,582,000 at the end of the most recent reporting period.

About First Trust Dorsey Wright Momentum & Value ETF

(Get Free Report)

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.