First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Short Interest Up 401.1% in August

by · The Markets Daily

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 18,501 shares, an increase of 401.1% from the August 15th total of 3,692 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 4,349 shares, the short-interest ratio is presently 4.3 days.

Institutional Investors Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter valued at approximately $27,000. Integrated Wealth Concepts LLC acquired a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the second quarter worth approximately $39,000. Fifth Third Bancorp acquired a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter worth approximately $90,000. NBT Bank N A NY grew its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% in the 1st quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after acquiring an additional 11,019 shares during the period. Finally, Jane Street Group LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter worth approximately $535,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

First Trust Dorsey Wright Dynamic Focus 5 ETF stock traded up $0.35 during midday trading on Friday, reaching $41.67. 1,443 shares of the company were exchanged, compared to its average volume of 4,978. The company has a market capitalization of $108.34 million, a price-to-earnings ratio of 19.13 and a beta of 0.72. The firm’s 50-day simple moving average is $41.59 and its 200-day simple moving average is $39.70. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1 year low of $33.81 and a 1 year high of $44.23.

First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0006 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

(Get Free Report)

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.

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