First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Sees Significant Growth in Short Interest

Posted by Defense World Staff on Nov 29th, 2024

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,000 shares, a growth of 66.7% from the October 31st total of 3,000 shares. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is presently 1.2 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. Private Advisory Group LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Free Report) by 310.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 127,732 shares of the company’s stock after purchasing an additional 96,601 shares during the period. Private Advisory Group LLC owned approximately 11.61% of First Trust Dorsey Wright Momentum & Value ETF worth $3,582,000 at the end of the most recent reporting period.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ DVLU opened at $32.60 on Friday. The business’s 50-day simple moving average is $31.34 and its 200-day simple moving average is $29.83. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $23.56 and a 52 week high of $33.06. The firm has a market cap of $34.23 million, a price-to-earnings ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.0431 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.17 annualized dividend and a yield of 0.53%.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

(Get Free Report)

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.