First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Stock Short Interest Jumps 160.5%

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 482 shares, an increase of 160.5% from the August 31st total of 185 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,310 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 0.3%

NYSEARCA:HSMV traded down $0.09 during trading hours on Monday, reaching $35.71. 1,232 shares of the stock were exchanged, compared to its average volume of 8,570. First Trust Horizon Managed Volatility Small/Mid ETF has a twelve month low of $35.00 and a twelve month high of $39.82. The business has a 50-day moving average of $38.54 and a two-hundred day moving average of $37.80. The company has a market capitalization of $8.93 million, a price-to-earnings ratio of 17.07 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 285,847 shares of the company’s stock worth $10,940,000 after purchasing an additional 64,229 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in 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 during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $5,187,000 after purchasing an additional 6,290 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

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.