First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Short Interest Update

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIVGet 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

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% during the 1st quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock worth $826,000 after purchasing an additional 302 shares in the last quarter. Compound Planning Inc. lifted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 3.4% during the 4th quarter. Compound Planning Inc. now owns 18,437 shares of the company’s stock worth $766,000 after buying an additional 599 shares during the last quarter. HighTower Advisors LLC lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 11.6% during the fourth quarter. HighTower Advisors LLC now owns 8,768 shares of the company’s stock worth $364,000 after acquiring an additional 911 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock valued at $364,000 after purchasing an additional 1,041 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% in the third quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock valued at $937,000 after acquiring an additional 2,285 shares during the period.

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.

Further Reading

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