The First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL – Get Rating) was the target of a sharp rise in short-term interest during the month of April. As of April 30, there was short interest totaling 317,700 shares, an increase of 740.5% from the April 15 total of 37,800 shares. Based on an average trading volume of 26,000 shares, the short interest ratio is currently 12.2 days.
The NASDAQ DVOL traded down $0.33 during trading hours on Wednesday, hitting $26.20. 1,100 shares of the company were traded, against an average volume of 25,686. The First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1-year low of $25.71 and a 1-year high of 31, $89. The company has a fifty-day moving average of $28.01 and a 200-day moving average of $28.90.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, March 28 received a dividend of $0.039 per share. The ex-dividend date was Friday, March 25. This represents a dividend of $0.16 on an annualized basis and a yield of 0.60%.
A number of institutional investors and hedge funds have recently changed their positions in DVOL. Wells Fargo & Company MN bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in Q2 worth $47,000. UBS Group AG increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.0% in the third quarter. UBS Group AG now owns 2,801 shares in the company worth $77,000 after purchasing an additional 909 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of the First Trust Dorsey Wright Momentum & Low Volatility ETF by 7.2% in the third quarter. Advisor Group Holdings Inc. now owns 6,692 shares of the company worth $184,000 after buying 447 additional shares in the last quarter. Citadel Advisors LLC increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 49.6% in the third quarter. Citadel Advisors LLC now owns 11,285 shares of the company worth $311,000 after purchasing 3,741 additional shares in the last quarter. Finally, Truist Financial Corp bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in Q3 for a value of $345,000.
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