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The First Trust Dorsey Wright Momentum & Low Volatility ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Dorsey Wright Momentum Plus Value Low Volatility Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider").
First Trust Dorsey Wright Momentum & Low Volatility ETF trades on the NASDAQ stock market under the symbol DVOL.
As of December 29, 2025, DVOL stock price declined to $35.46 with 313 million shares trading.
DVOL has a beta of 0.58, meaning it tends to be less sensitive to market movements. DVOL has a correlation of 0.56 to the broad based SPY ETF.
DVOL has a market cap of $81.56 million. This is considered a Micro Cap stock.
In the last 3 years, DVOL traded as high as $36.62 and as low as $24.42.
DVOL has underperformed the market in the last year with a price return of +4.1% while the SPY ETF gained +15.4%. DVOL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.1% and +1.0%, respectively, while the SPY returned +4.0% and +1.0%, respectively.
DVOL support price is $35.33 and resistance is $35.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DVOL shares will trade within this expected range on the day.