First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 19,868 shares, an increase of 249.9% from the July 30th total of 5,678 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 7,834 shares, the short-interest ratio is currently 2.5 days.
First Trust Dorsey Wright Momentum & Dividend ETF Price Performance
NASDAQ:DDIV opened at $47.04 on Thursday. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $38.69 and a fifty-two week high of $47.84. The business’s 50-day simple moving average is $46.54 and its 200-day simple moving average is $44.32. The stock has a market capitalization of $75.26 million, a PE ratio of 17.21 and a beta of 0.91.
First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1843 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.74 annualized dividend and a yield of 1.6%. This is an increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.
Institutional Inflows and Outflows
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.
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