First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Up 209.7% in January

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 124,800 shares, an increase of 209.7% from the December 31st total of 40,300 shares. Based on an average daily trading volume, of 97,500 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.9 %

FV traded up $0.58 during midday trading on Thursday, reaching $62.62. The company had a trading volume of 116,658 shares, compared to its average volume of 130,103. The company has a market cap of $4.04 billion, a P/E ratio of 16.50 and a beta of 1.07. The business has a 50-day moving average of $60.81 and a two-hundred day moving average of $58.44. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $49.73 and a 1 year high of $62.86.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.0386 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FV. Raymond James & Associates boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.9% in the 3rd quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock worth $97,443,000 after buying an additional 47,375 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.3% in the third quarter. Concurrent Investment Advisors LLC now owns 568,765 shares of the company’s stock valued at $33,142,000 after acquiring an additional 12,580 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 1.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 513,339 shares of the company’s stock valued at $30,318,000 after buying an additional 7,470 shares in the last quarter. Madrona Financial Services LLC grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 5.0% during the third quarter. Madrona Financial Services LLC now owns 511,831 shares of the company’s stock worth $29,824,000 after purchasing an additional 24,263 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 7,073.1% during the third quarter. International Assets Investment Management LLC now owns 489,346 shares of the company’s stock worth $28,514,000 after purchasing an additional 482,524 shares during 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.