First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Growth in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FVGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 63,482 shares, a growth of 35.9% from the March 15th total of 46,723 shares. Based on an average daily volume of 133,006 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Dorsey Wright Focus 5 ETF Price Performance

FV stock opened at $64.19 on Friday. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $50.22 and a 1-year high of $68.16. The business has a fifty day moving average price of $63.17 and a 200-day moving average price of $63.16. The stock has a market capitalization of $3.42 billion, a P/E ratio of 19.48 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0514 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.21 annualized dividend and a dividend yield of 0.3%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FV. Elevated Capital Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $30,000. EPG Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $32,000. Asset Dedication LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter worth $43,000. Evolution Wealth Management Inc. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter worth $44,000. Finally, TD Capital Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $50,000.

First Trust Dorsey Wright Focus 5 ETF Company Profile

(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.

Further Reading

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