Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Expands By 447.8%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 50,400 shares, an increase of 447.8% from the March 15th total of 9,200 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 145,900 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of First Trust Dorsey Wright Focus 5 ETF stock traded up $0.21 during trading on Tuesday, reaching $52.54. 57,333 shares of the stock traded hands, compared to its average volume of 116,254. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $63.09. The business has a fifty day simple moving average of $56.82 and a two-hundred day simple moving average of $58.98. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.0618 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.47%. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Crews Bank & Trust purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $27,000. Park Square Financial Group LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB bought a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at $29,000. Grove Bank & Trust bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $30,000. Finally, South Plains Financial Inc. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth about $44,000.

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.