Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Declines By 42.5%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 13,540 shares, a drop of 42.5% from the June 30th total of 23,559 shares. Based on an average trading volume of 70,792 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.3%

Shares of NASDAQ:FV traded down $0.18 during trading on Friday, hitting $69.69. 33,217 shares of the stock were exchanged, compared to its average volume of 111,012. The company has a fifty day moving average price of $72.11 and a two-hundred day moving average price of $67.52. The company has a market cap of $3.62 billion, a PE ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $58.33 and a 12-month high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0761 per share. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

A number of institutional investors have recently bought and sold shares of the company. Professional Financial Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at $226,000. First Heartland Consultants Inc. boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 44,211 shares of the company’s stock worth $3,355,000 after buying an additional 1,102 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 108.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 11,587 shares of the company’s stock worth $879,000 after buying an additional 6,030 shares in the last quarter. IFS Group LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the 1st quarter valued at about $526,000. Finally, Quantinno Capital Management LP grew its stake in First Trust Dorsey Wright Focus 5 ETF by 86.9% in the 1st quarter. Quantinno Capital Management LP now owns 17,375 shares of the company’s stock valued at $1,050,000 after acquiring an additional 8,081 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.