Short Interest in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Rises By 449.1%

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 4,739 shares, an increase of 449.1% from the May 31st total of 863 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,924 shares, the days-to-cover ratio is currently 2.5 days.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

First Trust Horizon Managed Volatility Small/Mid ETF stock traded up $0.42 during midday trading on Friday, reaching $38.56. The stock had a trading volume of 1,792 shares, compared to its average volume of 2,220. The stock has a market capitalization of $30.85 million, a P/E ratio of 17.07 and a beta of 0.74. The firm’s fifty day simple moving average is $37.49 and its 200-day simple moving average is $37.04. First Trust Horizon Managed Volatility Small/Mid ETF has a 1-year low of $35.00 and a 1-year high of $38.56.

Institutional Trading of First Trust Horizon Managed Volatility Small/Mid ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HSMV. Tower Research Capital LLC TRC lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock worth $1,350,000 after purchasing an additional 32,418 shares in the last quarter. LPL Financial LLC grew its position in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after purchasing an additional 11,402 shares in the last quarter. Cetera Investment Advisers grew its position in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the first quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after purchasing an additional 9,132 shares in the last quarter. Two Sigma Investments LP acquired a new stake in First Trust Horizon Managed Volatility Small/Mid ETF in the 3rd quarter valued at $263,000. Finally, Bank of New York Mellon Corp increased its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after buying an additional 6,290 shares during the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.