First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Sees Significant Increase in Short Interest

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 21,543 shares, a growth of 701.5% from the June 15th total of 2,688 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 52,401 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Dorsey Wright International Focus 5 ETF Stock Down 0.3%

Shares of NASDAQ IFV traded down $0.07 during mid-day trading on Friday, reaching $25.93. 23,364 shares of the company were exchanged, compared to its average volume of 60,534. The stock has a market capitalization of $246.34 million, a P/E ratio of 13.24 and a beta of 0.75. The company’s 50-day simple moving average is $27.44 and its 200-day simple moving average is $26.66. First Trust Dorsey Wright International Focus 5 ETF has a twelve month low of $22.58 and a twelve month high of $28.70.

First Trust Dorsey Wright International Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2505 per share. This represents a $1.00 annualized dividend and a yield of 3.9%. This is a boost from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 25th.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 51.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,094,834 shares of the company’s stock worth $27,185,000 after purchasing an additional 370,415 shares during the period. NewEdge Advisors LLC lifted its holdings in First Trust Dorsey Wright International Focus 5 ETF by 50.3% during the 1st quarter. NewEdge Advisors LLC now owns 782,569 shares of the company’s stock worth $19,776,000 after purchasing an additional 261,757 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust Dorsey Wright International Focus 5 ETF in the 2nd quarter valued at $2,128,000. Wagner Wealth Management Corp acquired a new position in First Trust Dorsey Wright International Focus 5 ETF in the 4th quarter valued at $1,580,000. Finally, PFG Investments LLC grew its holdings in First Trust Dorsey Wright International Focus 5 ETF by 163.7% in the 1st quarter. PFG Investments LLC now owns 79,971 shares of the company’s stock valued at $2,021,000 after buying an additional 49,649 shares in the last quarter.

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.