First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Short Interest Down 21.1% in October

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,000 shares, a decrease of 21.1% from the October 15th total of 3,800 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 0.6 days.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

Shares of DVLU stock traded down $0.13 on Friday, hitting $31.62. 413 shares of the stock traded hands, compared to its average volume of 4,721. The company has a market capitalization of $33.20 million, a PE ratio of 8.64 and a beta of 1.18. The company’s fifty day moving average is $30.86 and its 200 day moving average is $29.59. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $23.26 and a 1-year high of $32.69.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.0431 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a yield of 0.55%.

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. Private Advisory Group LLC lifted its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 310.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,732 shares of the company’s stock after acquiring 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 as of its most recent SEC filing.

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.