First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,094 shares, a decline of 54.6% from the September 30th total of 2,409 shares. Based on an average daily volume of 7,595 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Janney Montgomery Scott LLC boosted its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,889 shares of the company’s stock after purchasing an additional 349 shares during the period. Janney Montgomery Scott LLC owned about 0.86% of First Trust Dorsey Wright Momentum & Value ETF worth $338,000 as of its most recent SEC filing.
First Trust Dorsey Wright Momentum & Value ETF Stock Down 0.6%
DVLU traded down $0.25 during mid-day trading on Friday, reaching $39.22. 227 shares of the company traded hands, compared to its average volume of 5,981. The stock has a market capitalization of $47.07 million, a P/E ratio of 14.02 and a beta of 1.04. The company’s fifty day moving average price is $39.84 and its 200-day moving average price is $38.33. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $32.53 and a 52-week high of $42.55.
First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0922 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992. This represents a $0.37 annualized dividend and a dividend yield of 0.9%.
About First Trust Dorsey Wright Momentum & Value ETF
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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