Short Interest in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Declines By 20.0%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,000 shares, a decline of 20.0% from the November 15th total of 5,000 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is currently 1.0 days.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of DVLU opened at $30.43 on Monday. The firm has a market capitalization of $31.95 million, a P/E ratio of 8.64 and a beta of 1.18. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $25.18 and a 52 week high of $33.06. The stock has a 50 day moving average price of $31.53 and a two-hundred day moving average price of $30.03.

First Trust Dorsey Wright Momentum & Value ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1407 per share. The ex-dividend date is Friday, December 13th.

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

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Private Advisory Group LLC grew its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 310.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,732 shares of the company’s stock after purchasing an additional 96,601 shares during the period. Private Advisory Group LLC owned about 11.61% of First Trust Dorsey Wright Momentum & Value ETF worth $3,582,000 at the end of the most recent reporting period.

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.