First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 58.2% in March

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 9,200 shares, a decrease of 58.2% from the February 28th total of 22,000 shares. Based on an average trading volume of 131,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of NASDAQ FV traded down $1.37 during mid-day trading on Friday, reaching $54.78. The company had a trading volume of 73,826 shares, compared to its average volume of 109,687. The stock has a market capitalization of $3.53 billion, a PE ratio of 18.97 and a beta of 1.07. The stock’s 50 day moving average is $59.56 and its 200-day moving average is $59.39. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $49.73 and a twelve month high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.0618 dividend. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, March 27th. This represents a $0.25 annualized dividend and a dividend yield of 0.45%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kingsview Wealth Management LLC lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 35.1% during the third quarter. Kingsview Wealth Management LLC now owns 10,194 shares of the company’s stock worth $594,000 after purchasing an additional 2,647 shares in the last quarter. Fisher Asset Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at $264,000. Truvestments Capital LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth approximately $45,000. FMR LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 3.3% during the third quarter. FMR LLC now owns 13,734 shares of the company’s stock worth $800,000 after acquiring an additional 438 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 5,608.3% in the third 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 during the last quarter.

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.