Short Interest in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Drops By 7.4%

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOLGet Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 22,600 shares, a decline of 7.4% from the May 15th total of 24,400 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is currently 7.8 days.

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

An institutional investor recently bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF stock. Kestra Private Wealth Services LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOLFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,455 shares of the company’s stock, valued at approximately $395,000. Kestra Private Wealth Services LLC owned 0.85% of First Trust Dorsey Wright Momentum & Low Volatility ETF as of its most recent filing with the Securities and Exchange Commission.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.6 %

Shares of DVOL stock traded up $0.18 during trading hours on Wednesday, reaching $30.66. 3,840 shares of the company’s stock were exchanged, compared to its average volume of 6,346. The business has a fifty day moving average price of $29.92 and a 200-day moving average price of $29.00. The stock has a market capitalization of $49.06 million, a P/E ratio of 22.91 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a fifty-two week low of $24.42 and a fifty-two week high of $30.66.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

(Get Free Report)

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility.

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