Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 60.2%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 8,800 shares, a decrease of 60.2% from the January 31st total of 22,100 shares. Based on an average trading volume of 16,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at approximately $203,000. Janney Montgomery Scott LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $203,000. Sigma Planning Corp purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $224,000. Wells Fargo & Company MN raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 61.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,834 shares of the company’s stock worth $69,000 after buying an additional 699 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth $719,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

NASDAQ:DDIV traded up $0.64 during midday trading on Friday, reaching $39.75. 46,024 shares of the stock traded hands, compared to its average volume of 22,649. First Trust Dorsey Wright Momentum & Dividend ETF has a 12-month low of $31.54 and a 12-month high of $41.08. The business has a 50-day moving average of $39.12 and a two-hundred day moving average of $38.12. The stock has a market capitalization of $79.50 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

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