First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Short Interest Update

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 613 shares, a drop of 76.7% from the May 31st total of 2,629 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,718 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% during the second quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after purchasing an additional 133,233 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock worth $1,143,000 after buying an additional 19,137 shares during the period. Osaic Holdings Inc. lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% during the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after buying an additional 6,467 shares during the period. Mariner LLC boosted its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock valued at $934,000 after buying an additional 1,213 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% during the third quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after acquiring an additional 22,268 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Up 1.3%

First Trust Dorsey Wright Dynamic Focus 5 ETF stock traded up $0.56 on Monday, hitting $42.80. The company’s stock had a trading volume of 2,952 shares, compared to its average volume of 5,823. The firm has a market cap of $115.56 million, a P/E ratio of 19.13 and a beta of 0.71. The company has a fifty day moving average price of $40.43 and a 200-day moving average price of $38.13. First Trust Dorsey Wright Dynamic Focus 5 ETF has a one year low of $33.81 and a one year high of $43.04.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given 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 is Thursday, June 25th.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.