Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Grows By 105.8%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 83,242 shares, a growth of 105.8% from the July 30th total of 40,450 shares. Based on an average daily trading volume, of 66,643 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.7%

Shares of FV opened at $73.24 on Friday. The stock has a market capitalization of $3.80 billion, a P/E ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $58.33 and a twelve month high of $76.08. The firm has a fifty day simple moving average of $72.26 and a two-hundred day simple moving average of $68.42.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0761 per share. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. 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.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Several large investors have recently modified their holdings of FV. Benjamin Edwards Inc. lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 18,831 shares of the company’s stock worth $1,116,000 after purchasing an additional 177 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 3.3% during the second quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock valued at $454,000 after buying an additional 244 shares during the period. SkyOak Wealth LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 0.3% in the first quarter. SkyOak Wealth LLC now owns 107,748 shares of the company’s stock worth $6,512,000 after buying an additional 297 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in First Trust Dorsey Wright Focus 5 ETF by 1.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 21,648 shares of the company’s stock worth $1,362,000 after buying an additional 305 shares in the last quarter. Finally, Topsail Wealth Management LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 2.1% in the first quarter. Topsail Wealth Management LLC now owns 15,622 shares of the company’s stock worth $944,000 after buying an additional 328 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Company Profile

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.