First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Update

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 46,723 shares, a growth of 129.3% from the February 26th total of 20,376 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 140,048 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Dorsey Wright Focus 5 ETF Stock Down 2.4%

FV traded down $1.45 during trading hours on Friday, hitting $59.59. The stock had a trading volume of 145,436 shares, compared to its average volume of 153,809. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $47.04 and a 1 year high of $68.16. The company’s fifty day simple moving average is $64.64 and its 200 day simple moving average is $63.14. The stock has a market cap of $3.30 billion, a PE ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.0514 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.21 annualized dividend and a dividend yield of 0.3%.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Several hedge funds and other institutional investors have recently modified their holdings of FV. Geneos Wealth Management Inc. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 171.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock worth $14,641,000 after buying an additional 156,052 shares during the period. AlphaCore Capital LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at $8,977,000. Benjamin Edwards Inc. lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 663.4% during the fourth quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock worth $8,941,000 after acquiring an additional 123,447 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1,587.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,940 shares of the company’s stock worth $7,700,000 after acquiring an additional 122,238 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after acquiring an additional 96,612 shares during the period.

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.