First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Decline in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 22,000 shares, a drop of 85.4% from the February 13th total of 151,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 125,500 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ:FV traded down $0.89 during trading hours on Thursday, hitting $54.03. 30,711 shares of the company’s stock traded hands, compared to its average volume of 134,012. The business has a fifty day moving average price of $60.30 and a 200-day moving average price of $59.39. The firm has a market capitalization of $3.48 billion, a P/E ratio of 18.21 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $49.73 and a 1 year high of $63.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 6.2% during the 3rd quarter. Assetmark Inc. now owns 3,828 shares of the company’s stock valued at $223,000 after buying an additional 224 shares during the last quarter. Tyler Stone Wealth Management increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,882 shares of the company’s stock valued at $284,000 after purchasing an additional 2,441 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 9,450 shares of the company’s stock valued at $551,000 after purchasing an additional 204 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter worth $16,958,000. Finally, Aptus Capital Advisors LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 21.7% in the third quarter. Aptus Capital Advisors LLC now owns 2,179 shares of the company’s stock worth $127,000 after acquiring an additional 389 shares during the period.

About First Trust Dorsey Wright Focus 5 ETF

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.