First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Sees Large Drop in Short Interest

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOLGet Rating) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 24,200 shares, a decrease of 16.6% from the May 15th total of 29,000 shares. Based on an average daily trading volume, of 21,600 shares, the days-to-cover ratio is presently 1.1 days.

Several institutional investors and hedge funds have recently bought and sold shares of DVOL. MML Investors Services LLC boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.2% during the third quarter. MML Investors Services LLC now owns 19,003 shares of the company’s stock worth $523,000 after acquiring an additional 416 shares in the last quarter. UBS Group AG boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.0% during the third quarter. UBS Group AG now owns 2,801 shares of the company’s stock worth $77,000 after acquiring an additional 909 shares in the last quarter. Baird Financial Group Inc. boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.5% during the fourth quarter. Baird Financial Group Inc. now owns 70,798 shares of the company’s stock worth $2,249,000 after acquiring an additional 1,704 shares in the last quarter. Wells Fargo & Company MN bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF during the second quarter worth $47,000. Finally, Private Advisory Group LLC boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 6.9% during the first quarter. Private Advisory Group LLC now owns 29,189 shares of the company’s stock worth $836,000 after acquiring an additional 1,873 shares in the last quarter.

DVOL opened at $23.93 on Friday. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $23.93 and a twelve month high of $31.89. The company has a fifty day moving average of $26.76 and a 200-day moving average of $28.09.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were given a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, March 25th.

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