Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Increases By 26.7%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 46,500 shares, a growth of 26.7% from the June 30th total of 36,700 shares. Based on an average daily trading volume, of 113,200 shares, the days-to-cover ratio is currently 0.4 days.

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

Several large investors have recently modified their holdings of FV. Creekmur Asset Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $36,000. Tortoise Investment Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $40,000. Benjamin Edwards Inc. increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 47.8% in the 1st quarter. Benjamin Edwards Inc. now owns 711 shares of the company’s stock worth $41,000 after buying an additional 230 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $86,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of FV traded up $0.09 during trading hours on Tuesday, hitting $56.21. The company had a trading volume of 8,162 shares, compared to its average volume of 125,913. The firm has a fifty day moving average price of $57.01 and a 200-day moving average price of $55.54. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $41.05 and a 52-week high of $59.85.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.0167 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Thursday, June 27th.

First Trust Dorsey Wright Focus 5 ETF Company Profile

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.