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) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 700 shares, a decrease of 97.9% from the March 31st total of 34,000 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.1 days.

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

NASDAQ:DDIV traded up $0.08 during trading hours on Friday, reaching $32.81. 949 shares of the stock were exchanged, compared to its average volume of 5,604. The business has a 50-day moving average of $32.65 and a two-hundred day moving average of $30.34. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $26.31 and a twelve month high of $34.14. The company has a market capitalization of $45.93 million, a price-to-earnings ratio of 13.36 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.1363 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.55 dividend on an annualized basis and a yield of 1.66%.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DDIV. Kesler Norman & Wride LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth about $1,698,000. Raymond James & Associates purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at approximately $241,000. Finally, Janney Montgomery Scott LLC lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 4.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 20,129 shares of the company’s stock valued at $612,000 after buying an additional 872 shares during the last quarter.

About First Trust Dorsey Wright Momentum & Dividend ETF

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.