Short Interest in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Declines By 97.9%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 700 shares, a decline of 97.9% from the March 31st total of 34,000 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is currently 0.1 days.

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

First Trust Dorsey Wright Momentum & Dividend ETF stock traded up $0.08 during mid-day trading on Friday, hitting $32.81. 949 shares of the company’s stock traded hands, compared to its average volume of 5,604. The firm has a 50 day moving average price of $32.65 and a 200 day moving average price of $30.34. The company has a market cap of $45.93 million, a PE ratio of 13.36 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $26.31 and a one year high of $34.14.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.1363 per share. This represents a $0.55 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DDIV. Kesler Norman & Wride LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth $1,698,000. Raymond James & Associates bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth $241,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,129 shares of the company’s stock worth $612,000 after buying an additional 872 shares in the last quarter.

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.