First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Down 78.8% in August

by · The Cerbat Gem

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 185 shares, a drop of 78.8% from the August 15th total of 871 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 92,444 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 0.4%

Shares of NYSEARCA HSMV opened at $37.82 on Friday. The stock has a market capitalization of $34.04 million, a price-to-earnings ratio of 17.07 and a beta of 0.73. First Trust Horizon Managed Volatility Small/Mid ETF has a 52 week low of $35.00 and a 52 week high of $39.82. The firm has a 50-day moving average price of $38.89 and a 200 day moving average price of $37.87.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. increased its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% in the 2nd quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock valued at $187,000 after purchasing an additional 3,623 shares in the last quarter. Two Sigma Investments LP purchased a new stake in First Trust Horizon Managed Volatility Small/Mid ETF during the third quarter worth $263,000. Principal Securities Inc. grew its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the fourth quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock valued at $552,000 after purchasing an additional 1,419 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in 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 valued at $1,350,000 after purchasing an additional 32,418 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the first 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 in the last quarter.

About First Trust Horizon Managed Volatility Small/Mid ETF

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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.

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