First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) saw a significant decline in short interest in June. As of June 15, there was short interest totaling 5,400 shares, a 62.2% decline from the total volume of 14,300 shares on May 31. Based on an average daily volume of 5,500 shares, the short interest ratio is currently 1.0 days.
Institutional trading with First Trust Dorsey Wright Momentum & Value ETF
A hedge fund recently increased its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF. Commonwealth Equity Services LLC increased its position in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 553,732 shares of the company’s stock after purchasing an additional 3,431 shares during the quarter. Commonwealth Equity Services LLC owned approximately 61.53% of First Trust Dorsey Wright Momentum & Value ETF worth $16,678,000, according to its most recent SEC filing.
First Trust Dorsey Wright Momentum & Value ETF Stock Performance
NASDAQ DVLU shares opened at $28.04 on Friday. The First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $21.10 and a 52-week high of $30.34. The stock has a market cap of $25.24 million, a P/E ratio of 8.64 and a beta of 1.18. The stock’s 50-day moving average is $28.62 and its 200-day moving average is $27.71.
Dividend announcement for the First Trust Dorsey Wright Momentum & Value ETF
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.0821 per share. This represents an annualized dividend of $0.33 and a dividend yield of 1.17%. The ex-dividend date was Thursday, June 27th.
About First Trust Dorsey Wright Momentum & Value ETF
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The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund based on the Dorsey Wright Momentum Plus Value Index. The fund tracks an index of 50 large- and mid-cap value stocks with relative strength. Holdings are weighted by value metrics. DVLU was launched on September 5, 2018 and is managed by First Trust.
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