Short Interest in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Grows By 401.1%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 18,501 shares, a growth of 401.1% from the August 15th total of 3,692 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 4,349 shares, the short-interest ratio is presently 4.3 days.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Up 0.8%

Shares of FVC stock traded up $0.35 during mid-day trading on Friday, reaching $41.67. The stock had a trading volume of 1,443 shares, compared to its average volume of 4,978. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12-month low of $33.81 and a 12-month high of $44.23. The company has a market cap of $108.34 million, a P/E ratio of 19.13 and a beta of 0.72. The business has a 50-day simple moving average of $41.59 and a 200 day simple moving average of $39.70.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

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 $0.0006 per share. This represents a $0.00 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Dorsey Wright Dynamic Focus 5 ETF

Several institutional investors and hedge funds have recently modified their holdings of FVC. Western Wealth Management LLC acquired a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter valued at approximately $27,000. Integrated Wealth Concepts LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 2nd quarter valued at approximately $39,000. Fifth Third Bancorp purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at approximately $90,000. NBT Bank N A NY grew its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the 1st quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock valued at $385,000 after buying an additional 11,019 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter valued at $535,000.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.