First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Growth in Short Interest

Posted by Logan Wallace on Nov 29th, 2024

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,000 shares, an increase of 66.7% from the October 31st total of 3,000 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Value ETF

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC raised its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,882 shares of the company’s stock after buying an additional 2,150 shares during the quarter. Commonwealth Equity Services LLC owned 50.53% of First Trust Dorsey Wright Momentum & Value ETF worth $15,587,000 as of its most recent SEC filing.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

NASDAQ DVLU opened at $32.60 on Friday. The company’s fifty day moving average is $31.34 and its two-hundred day moving average is $29.83. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $23.56 and a 52-week high of $33.06. The firm has a market capitalization of $34.23 million, a price-to-earnings ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.0431 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Thursday, September 26th.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

(Get Free Report)

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.