First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Shares Shorted: Short Interest Down 88.1% in September

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 2,419 shares, a decline of 88.1% from the August 31st total of 20,289 shares. Based on an average daily trading volume, of 2,892 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

First Trust Dorsey Wright Momentum & Value ETF Stock Down 1.3%

Shares of First Trust Dorsey Wright Momentum & Value ETF stock opened at $38.88 on Friday. The stock’s 50-day simple moving average is $40.94 and its 200-day simple moving average is $38.66. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $32.53 and a 52 week high of $42.55. The company has a market capitalization of $46.66 million, a price-to-earnings ratio of 14.02 and a beta of 1.03.

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First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a dividend of $0.0922 per share. This is a drop from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.37 annualized dividend and a yield of 0.9%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 13.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,183 shares of the company’s stock after buying an additional 3,785 shares during the period. Cetera Investment Advisers owned 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.

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