First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Shares Shorted: Short Interest Up 143.2% in September

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 13,788 shares, a growth of 143.2% from the August 31st total of 5,670 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 44,153 shares, the days-to-cover ratio is currently 0.3 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of IFV. Concurrent Investment Advisors LLC purchased a new position in shares of First Trust Dorsey Wright International Focus 5 ETF during the 2nd quarter valued at about $32,723,000. NewEdge Advisors LLC boosted its stake in First Trust Dorsey Wright International Focus 5 ETF by 1.4% in the second quarter. NewEdge Advisors LLC now owns 793,139 shares of the company’s stock worth $21,361,000 after buying an additional 10,570 shares in the last quarter. Bank of America Corp DE boosted its stake in First Trust Dorsey Wright International Focus 5 ETF by 9.4% in the first quarter. Bank of America Corp DE now owns 314,659 shares of the company’s stock worth $7,951,000 after buying an additional 26,919 shares in the last quarter. PFG Investments LLC grew its position in First Trust Dorsey Wright International Focus 5 ETF by 163.7% during the first quarter. PFG Investments LLC now owns 79,971 shares of the company’s stock valued at $2,021,000 after acquiring an additional 49,649 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust Dorsey Wright International Focus 5 ETF by 19.5% during the first quarter. Cetera Investment Advisers now owns 71,721 shares of the company’s stock valued at $1,812,000 after acquiring an additional 11,706 shares during the last quarter.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

IFV stock opened at $25.18 on Tuesday. The firm has a 50 day simple moving average of $25.82 and a two-hundred day simple moving average of $26.44. The stock has a market cap of $220.29 million, a PE ratio of 13.24 and a beta of 0.76. First Trust Dorsey Wright International Focus 5 ETF has a one year low of $23.19 and a one year high of $28.70.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.0940 per share. This represents a $0.38 annualized dividend and a yield of 1.5%. This is a decrease from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505. The ex-dividend date of this dividend is Thursday, September 24th.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.