Short Interest in First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Declines By 84.5%

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,771 shares, a decline of 84.5% from the July 30th total of 17,840 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 22,961 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

Shares of NASDAQ IFV traded down $0.08 during midday trading on Wednesday, hitting $26.28. 9,856 shares of the company’s stock traded hands, compared to its average volume of 56,783. The firm has a fifty day moving average of $26.10 and a 200 day moving average of $26.65. First Trust Dorsey Wright International Focus 5 ETF has a 1 year low of $23.19 and a 1 year high of $28.70. The stock has a market capitalization of $236.52 million, a price-to-earnings ratio of 13.24 and a beta of 0.76.

First Trust Dorsey Wright International Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.2505 per share. This is an increase from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IFV. Advisory Services Network LLC purchased a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF in the 3rd quarter worth $30,000. Fifth Third Bancorp bought a new stake in First Trust Dorsey Wright International Focus 5 ETF during the first quarter valued at about $73,000. Aptus Capital Advisors LLC grew its holdings in First Trust Dorsey Wright International Focus 5 ETF by 4,435.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,082 shares of the company’s stock valued at $101,000 after purchasing an additional 3,992 shares during the period. D.A. Davidson & CO. purchased a new stake in First Trust Dorsey Wright International Focus 5 ETF in the first quarter worth about $202,000. Finally, Quadrant Capital Group LLC purchased a new stake in First Trust Dorsey Wright International Focus 5 ETF in the fourth quarter worth about $205,000.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.