First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Short Interest Drops 75.3%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 4,565 shares, a drop of 75.3% from the August 31st total of 18,501 shares. Based on an average trading volume of 5,308 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

Shares of FVC stock traded up $0.23 during trading hours on Friday, reaching $42.91. The company had a trading volume of 1,758 shares, compared to its average volume of 4,814. The company has a 50 day moving average of $41.75 and a 200 day moving average of $40.06. The firm has a market cap of $111.58 million, a price-to-earnings ratio of 19.13 and a beta of 0.72. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1-year low of $33.81 and a 1-year high of $44.23.

Hedge Funds Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

Hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter worth about $27,000. Integrated Wealth Concepts LLC bought a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 2nd quarter worth approximately $39,000. Fifth Third Bancorp bought a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter worth approximately $90,000. Kestra Advisory Services LLC grew its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock valued at $558,000 after purchasing an additional 2,785 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% during the first quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock valued at $1,032,000 after purchasing an additional 2,800 shares during the period.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.