First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Stock Short Interest Falls 60.3%

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,315 shares, a decrease of 60.3% from the September 30th total of 13,404 shares. Based on an average daily trading volume, of 21,723 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Dorsey Wright International Focus 5 ETF Stock Down 1.0%

NASDAQ:IFV traded down $0.24 during midday trading on Friday, reaching $23.75. The stock had a trading volume of 208,419 shares, compared to its average volume of 53,661. First Trust Dorsey Wright International Focus 5 ETF has a 12-month low of $23.19 and a 12-month high of $28.70. The firm has a fifty day simple moving average of $25.08 and a two-hundred day simple moving average of $26.24. The stock has a market cap of $209 million, a P/E ratio of 13.24 and a beta of 0.76.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.0940 per share. This is a negative change from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.6%.

Institutional Trading of First Trust Dorsey Wright International Focus 5 ETF

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in First Trust Dorsey Wright International Focus 5 ETF by 50.3% in the 1st quarter. NewEdge Advisors LLC now owns 782,569 shares of the company’s stock worth $19,776,000 after buying an additional 261,757 shares during the last quarter. Genesee Capital Advisors LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF during the 3rd quarter worth approximately $2,316,000. PFG Investments LLC grew its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 163.7% during the 1st quarter. PFG Investments LLC now owns 79,971 shares of the company’s stock valued at $2,021,000 after buying an additional 49,649 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF in the 2nd quarter worth approximately $32,723,000. Finally, Bank of America Corp DE raised its stake in First Trust Dorsey Wright International Focus 5 ETF by 9.4% during the 1st quarter. Bank of America Corp DE now owns 314,659 shares of the company’s stock valued at $7,951,000 after acquiring an additional 26,919 shares in the last quarter.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.