First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Decline in Short Interest
by Doug Wharley · The Cerbat GemFirst Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Get Free Report) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 25,135 shares, a decline of 19.6% from the January 29th total of 31,266 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 117,083 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 117,083 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 54.5% in the third quarter. Daymark Wealth Partners LLC now owns 83,825 shares of the company’s stock valued at $5,190,000 after purchasing an additional 29,555 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 88.2% during the 3rd quarter. Ameritas Advisory Services LLC now owns 23,922 shares of the company’s stock worth $1,481,000 after buying an additional 11,213 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 171.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock valued at $14,641,000 after buying an additional 156,052 shares during the period. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 359.6% in the 3rd quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock valued at $6,715,000 after buying an additional 84,850 shares during the period. Finally, Madrona Financial Services LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.1% in the third quarter. Madrona Financial Services LLC now owns 397,604 shares of the company’s stock valued at $24,620,000 after buying an additional 8,004 shares in the last quarter.
First Trust Dorsey Wright Focus 5 ETF Trading Down 2.1%
NASDAQ:FV traded down $1.39 during midday trading on Tuesday, hitting $64.20. 109,946 shares of the company were exchanged, compared to its average volume of 163,323. The company has a fifty day simple moving average of $65.64 and a 200 day simple moving average of $63.08. First Trust Dorsey Wright Focus 5 ETF has a fifty-two week low of $47.04 and a fifty-two week high of $68.16. The company has a market capitalization of $3.56 billion, a PE ratio of 19.48 and a beta of 1.08.
First Trust Dorsey Wright Focus 5 ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1355 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th.
About First Trust Dorsey Wright Focus 5 ETF
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.