Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Declines By 42.8%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 37,729 shares, a drop of 42.8% from the April 15th total of 65,916 shares. Based on an average daily volume of 124,113 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of NASDAQ FV traded down $0.10 during midday trading on Monday, reaching $69.65. 68,173 shares of the company’s stock were exchanged, compared to its average volume of 134,777. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $56.17 and a 52-week high of $70.58. The stock has a market capitalization of $3.67 billion, a PE ratio of 19.48 and a beta of 1.08. The business’s fifty day moving average price is $63.82 and its two-hundred day moving average price is $63.86.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

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

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $30,000. EPG Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $32,000. Asset Dedication LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the third quarter worth about $43,000. TD Capital Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $50,000. Finally, Burkett Financial Services LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at about $51,000.

About First Trust Dorsey Wright Focus 5 ETF

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.