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

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 10,100 shares, a decrease of 54.5% from the November 30th total of 22,200 shares. Based on an average trading volume of 14,900 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

An institutional investor recently bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF stock. Atomi Financial Group Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,039 shares of the company’s stock, valued at approximately $516,000. Atomi Financial Group Inc. owned 0.85% of First Trust Dorsey Wright Momentum & Dividend ETF as of its most recent filing with the SEC.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 0.9 %

Shares of NASDAQ:DDIV traded down $0.33 during trading on Friday, reaching $37.95. 2,738 shares of the company’s stock traded hands, compared to its average volume of 10,553. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $29.14 and a fifty-two week high of $41.08. The company has a 50-day simple moving average of $38.99 and a 200-day simple moving average of $36.48. The firm has a market cap of $66.41 million, a PE ratio of 13.54 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

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

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.