First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Sees Large Drop in Short Interest

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 4,565 shares, a decrease of 75.3% from the August 31st total of 18,501 shares. Based on an average daily volume of 5,308 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

FVC traded down $0.11 during trading on Monday, reaching $42.74. The company had a trading volume of 218 shares, compared to its average volume of 4,788. The company has a market cap of $111.12 million, a P/E ratio of 19.13 and a beta of 0.72. 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 business’s fifty day moving average price is $41.75 and its 200 day moving average price is $40.10.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock worth $1,032,000 after purchasing an additional 2,800 shares during the period. Kestra Advisory Services LLC raised its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock valued at $558,000 after purchasing an additional 2,785 shares during the period. NBT Bank N A NY lifted its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% in the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock valued at $385,000 after purchasing an additional 11,019 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter valued at about $90,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the second quarter valued at about $39,000.

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.