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

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 13,600 shares, an increase of 34.7% from the December 31st total of 10,100 shares. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisory Group LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter valued at approximately $3,003,000. Janney Montgomery Scott LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $203,000. Finally, Atomi Financial Group Inc. bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at $516,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.8 %

Shares of DDIV traded up $0.33 during midday trading on Thursday, hitting $40.02. The company had a trading volume of 276 shares, compared to its average volume of 27,382. The stock has a market cap of $78.04 million, a price-to-earnings ratio of 13.54 and a beta of 0.99. The company’s 50 day moving average price is $39.15 and its 200 day moving average price is $37.34. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $29.75 and a 52 week high of $41.08.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2885 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.