First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Update

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 871 shares, a decline of 59.1% from the July 30th total of 2,128 shares. Based on an average daily trading volume, of 8,786 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

HSMV stock opened at $38.69 on Friday. First Trust Horizon Managed Volatility Small/Mid ETF has a 1 year low of $35.00 and a 1 year high of $39.82. The firm has a 50-day moving average of $38.84 and a 200 day moving average of $37.85. The company has a market cap of $34.82 million, a P/E ratio of 17.07 and a beta of 0.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% during the first quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after purchasing an additional 9,132 shares in the last quarter. Bank of New York Mellon Corp grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the first 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 during the period. Two Sigma Investments LP bought a new position in First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter worth $263,000. LPL Financial LLC raised its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% in the fourth 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. Finally, Tower Research Capital LLC TRC lifted its position in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after buying an additional 32,418 shares during the period.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.