Short Interest in First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Declines By 19.8%

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 10,309 shares, a decline of 19.8% from the March 31st total of 12,850 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 66,945 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IFV. Wells Fargo & Company MN increased its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 51.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,094,834 shares of the company’s stock worth $27,185,000 after acquiring an additional 370,415 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the second quarter worth approximately $2,128,000. Wagner Wealth Management Corp purchased a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the fourth quarter worth approximately $1,580,000. PFG Investments LLC increased its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 163.7% in the first quarter. PFG Investments LLC now owns 79,971 shares of the company’s stock worth $2,021,000 after acquiring an additional 49,649 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 24.9% in the second quarter. Bank of America Corp DE now owns 216,181 shares of the company’s stock worth $4,955,000 after acquiring an additional 43,127 shares in the last quarter.

First Trust Dorsey Wright International Focus 5 ETF Trading Up 2.3%

Shares of NASDAQ IFV traded up $0.61 during mid-day trading on Thursday, reaching $27.53. The company had a trading volume of 40,792 shares, compared to its average volume of 62,341. The stock has a market cap of $246.39 million, a PE ratio of 13.24 and a beta of 0.72. The company has a 50-day moving average price of $26.33 and a two-hundred day moving average price of $25.57. First Trust Dorsey Wright International Focus 5 ETF has a 1-year low of $20.66 and a 1-year high of $27.98.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0087 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.