Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 34.8%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 5,775 shares, a decline of 34.8% from the May 14th total of 8,858 shares. Based on an average daily trading volume, of 2,921 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth $100,000. Ameritas Advisory Services LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth about $121,000. Western Wealth Management LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter worth about $146,000. Finally, Insight Advisors LLC PA acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at approximately $201,000.

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First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

NASDAQ DDIV opened at $44.56 on Thursday. First Trust Dorsey Wright Momentum & Dividend ETF has a 1 year low of $37.10 and a 1 year high of $45.51. The company has a market capitalization of $69.07 million, a PE ratio of 17.21 and a beta of 0.91. The company has a fifty day moving average of $44.37 and a two-hundred day moving average of $42.80.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0937 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 26th.

About First Trust Dorsey Wright Momentum & Dividend ETF

(Get Free Report)

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.

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