First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 37,522 shares, an increase of 329.6% from the June 15th total of 8,735 shares. Based on an average daily trading volume, of 9,302 shares, the short-interest ratio is currently 4.0 days. Currently, 1.9% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc grew its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% during the fourth quarter. Prospera Financial Services Inc now owns 26,478 shares of the company’s stock worth $928,000 after buying an additional 753 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter worth about $39,000. Baird Financial Group Inc. boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% during the second quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock worth $2,653,000 after acquiring an additional 1,316 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock worth $686,000 after acquiring an additional 2,125 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter valued at about $111,000.
First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.2%
Shares of NASDAQ DVOL traded up $0.07 during midday trading on Monday, hitting $37.19. The stock had a trading volume of 3,313 shares, compared to its average volume of 10,399. The company has a market capitalization of $72.52 million, a PE ratio of 24.91 and a beta of 0.75. The stock has a 50 day simple moving average of $36.46 and a 200-day simple moving average of $36.07. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1 year low of $33.60 and a 1 year high of $37.50.
First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend
About First Trust Dorsey Wright Momentum & Low Volatility ETF
The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.
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