Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Rises By 59.8%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 151,200 shares, a growth of 59.8% from the January 31st total of 94,600 shares. Based on an average daily volume of 108,400 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of FV traded down $0.79 during trading hours on Tuesday, hitting $57.30. The stock had a trading volume of 435,643 shares, compared to its average volume of 127,955. The firm has a 50 day simple moving average of $60.81 and a 200-day simple moving average of $59.43. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $49.73 and a 1-year high of $63.09. The firm has a market capitalization of $3.70 billion, a P/E ratio of 18.21 and a beta of 1.11.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.0386 per share. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust Dorsey Wright Focus 5 ETF

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth approximately $175,000. Fisher Asset Management LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at $264,000. Avior Wealth Management LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 40.1% during the 3rd quarter. Avior Wealth Management LLC now owns 2,311 shares of the company’s stock valued at $135,000 after acquiring an additional 661 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 5,608.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 20,607 shares of the company’s stock valued at $1,201,000 after acquiring an additional 20,246 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock worth $2,089,000 after acquiring an additional 724 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Company Profile

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.