First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Sees Significant Increase in Short Interest

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 22,200 shares, a growth of 16.2% from the November 15th total of 19,100 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 1.8 days.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.2 %

Shares of NASDAQ:DDIV traded down $0.07 during midday trading on Monday, reaching $38.85. The company’s stock had a trading volume of 23,457 shares, compared to its average volume of 10,114. The business has a 50 day moving average price of $38.89 and a 200 day moving average price of $36.20. First Trust Dorsey Wright Momentum & Dividend ETF has a 1 year low of $29.14 and a 1 year high of $41.08. The firm has a market cap of $67.99 million, a price-to-earnings ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.2885 per share. The ex-dividend date of this dividend is Friday, December 13th.

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

Several hedge funds have recently modified their holdings of DDIV. Cetera Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter worth about $205,000. Atomi Financial Group Inc. purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at approximately $516,000. Finally, Private Advisory Group LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter worth $3,003,000.

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.