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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 13,540 shares, a decrease of 42.5% from the June 30th total of 23,559 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 70,792 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

FV traded down $0.41 during midday trading on Wednesday, hitting $69.18. The stock had a trading volume of 25,864 shares, compared to its average volume of 111,913. The company has a market cap of $3.59 billion, a P/E ratio of 19.48 and a beta of 1.08. The business has a fifty day moving average of $72.17 and a 200 day moving average of $67.48. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $58.33 and a 1 year high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0761 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF

Institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $8,977,000. Benjamin Edwards Inc. grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 663.4% during the fourth quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after buying an additional 123,447 shares during the last quarter. Gateway Wealth Partners LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 99.2% during the first quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock valued at $12,972,000 after buying an additional 106,877 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after buying an additional 96,612 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 61.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock worth $14,141,000 after buying an additional 85,668 shares during the period.

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.