First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 42.8% in April

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 37,729 shares, a decrease of 42.8% from the April 15th total of 65,916 shares. Based on an average trading volume of 124,113 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 88.2% in the third quarter. Ameritas Advisory Services LLC now owns 23,922 shares of the company’s stock valued at $1,481,000 after purchasing an additional 11,213 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at $1,018,000. QP Wealth Management LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at $2,379,000. Gateway Wealth Partners LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 359.6% in the third quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock valued at $6,715,000 after purchasing an additional 84,850 shares during the last quarter. Finally, Savvy Advisors Inc. increased its stake in First Trust Dorsey Wright Focus 5 ETF by 200.6% in the fourth quarter. Savvy Advisors Inc. now owns 21,721 shares of the company’s stock valued at $1,367,000 after purchasing an additional 14,494 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.8%

Shares of NASDAQ:FV traded down $0.58 on Friday, hitting $69.75. The company had a trading volume of 67,507 shares, compared to its average volume of 135,494. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $56.17 and a 52-week high of $70.58. The business has a 50 day moving average of $63.82 and a 200 day moving average of $63.86. The company has a market cap of $3.68 billion, a PE ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0514 dividend. This represents a $0.21 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 26th.

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.