First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Increase in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FVGet Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 83,242 shares, an increase of 105.8% from the July 30th total of 40,450 shares. Based on an average daily trading volume, of 66,643 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.7%

NASDAQ:FV traded down $1.26 on Friday, hitting $73.24. The stock had a trading volume of 42,344 shares, compared to its average volume of 104,456. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $58.33 and a 52 week high of $76.08. The business’s fifty day moving average is $72.26 and its 200 day moving average is $68.42. The company has a market cap of $3.80 billion, a PE ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0761 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.4% during the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after buying an additional 96,612 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.0% during the second quarter. Concurrent Investment Advisors LLC now owns 568,217 shares of the company’s stock valued at $43,116,000 after buying an additional 5,853 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock valued at $35,581,000 after buying an additional 8,510 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.9% during the first quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock worth $24,395,000 after acquiring an additional 3,749 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 9.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 400,464 shares of the company’s stock worth $25,197,000 after acquiring an additional 33,646 shares in the last quarter.

About First Trust Dorsey Wright Focus 5 ETF

(Get Free Report)

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.

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