Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Grows By 63.7%

by · The Markets Daily

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 64,500 shares, agrowthof63.7% from the July 31st total of 39,400 shares. Based on an average daily volume of 113,600 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 113,600 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ FV traded down $0.08 during mid-day trading on Monday, hitting $61.40. The company’s stock had a trading volume of 43,777 shares, compared to its average volume of 128,869. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 19.48 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a one year low of $47.04 and a one year high of $63.09. The company’s fifty day simple moving average is $60.61 and its 200-day simple moving average is $57.52.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.096 dividend. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.06. This represents a $0.38 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, June 26th.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 2,853,870 shares of the company’s stock valued at $169,120,000 after acquiring an additional 8,043 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust Dorsey Wright Focus 5 ETF by 0.6% during the fourth quarter. Bank of America Corp DE now owns 1,674,187 shares of the company’s stock worth $98,878,000 after purchasing an additional 9,409 shares during the period. NewEdge Advisors LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 10.3% during the first quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock worth $61,588,000 after purchasing an additional 105,185 shares during the period. Prospera Financial Services Inc lifted its position in First Trust Dorsey Wright Focus 5 ETF by 2.7% during the second quarter. Prospera Financial Services Inc now owns 812,251 shares of the company’s stock worth $48,139,000 after purchasing an additional 21,728 shares during the period. Finally, Osaic Holdings Inc. lifted its position in First Trust Dorsey Wright Focus 5 ETF by 2.8% during the second quarter. Osaic Holdings Inc. now owns 805,352 shares of the company’s stock worth $47,729,000 after purchasing an additional 21,720 shares during the period.

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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