First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Large Drop in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,884 shares, a decline of 60.2% from the June 15th total of 4,739 shares. Based on an average daily volume of 1,530 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Several large investors have recently made changes to their positions in HSMV. Cetera Investment Advisers lifted its position in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the 1st quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after acquiring an additional 9,132 shares in the last quarter. LPL Financial LLC increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the 4th quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock worth $5,813,000 after purchasing an additional 11,402 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock worth $5,187,000 after purchasing an additional 6,290 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after purchasing an additional 32,418 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the 4th quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock valued at $552,000 after purchasing an additional 1,419 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

NYSEARCA HSMV traded down $0.07 during trading hours on Tuesday, reaching $38.51. 770 shares of the company’s stock were exchanged, compared to its average volume of 2,194. The company has a market capitalization of $34.66 million, a price-to-earnings ratio of 17.07 and a beta of 0.74. The company’s 50-day moving average is $37.62 and its two-hundred day moving average is $37.24. First Trust Horizon Managed Volatility Small/Mid ETF has a one year low of $35.00 and a one year high of $38.66.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.