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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 29,370 shares, a drop of 45.6% from the May 14th total of 53,954 shares. Based on an average daily volume of 75,379 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FV. NewEdge Advisors LLC raised its holdings in 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 valued at $58,237,000 after acquiring an additional 96,612 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock valued at $35,581,000 after acquiring an additional 8,510 shares in the last quarter. Sard Wealth Management Group LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.2% in the fourth quarter. Sard Wealth Management Group LLC now owns 470,168 shares of the company’s stock valued at $29,583,000 after acquiring an additional 5,804 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.9% in the first quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock valued at $24,395,000 after acquiring an additional 3,749 shares in the last quarter. Finally, Madrona Financial Services LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.0% in the fourth quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock valued at $25,277,000 after acquiring an additional 4,130 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ FV traded down $0.91 during midday trading on Tuesday, hitting $72.80. The company’s stock had a trading volume of 23,601 shares, compared to its average volume of 124,049. The business’s fifty day simple moving average is $68.34 and its two-hundred day simple moving average is $65.51. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $57.00 and a 1 year high of $74.61. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

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

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.