First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,400 shares, a drop of 62.2% from the May 31st total of 14,300 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 1.0 days.
Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF
A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC grew 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 as of its most recent SEC filing.
First Trust Dorsey Wright Momentum & Value ETF Stock Performance
Shares of NASDAQ DVLU opened at $28.04 on Friday. 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 capitalization of $25.24 million, a P/E ratio of 8.64 and a beta of 1.18. The stock’s fifty day moving average is $28.62 and its 200 day moving average is $27.71.
First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement
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.
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