Short Interest in First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Declines By 82.3%

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 12,217 shares, a decline of 82.3% from the April 30th total of 68,870 shares. Based on an average daily volume of 25,948 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IFV. Advisory Services Network LLC acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF during the third quarter worth $30,000. Founders Financial Alliance LLC increased its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 62.4% during the third quarter. Founders Financial Alliance LLC now owns 1,626 shares of the company’s stock worth $40,000 after buying an additional 625 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF during the first quarter worth $73,000. Aptus Capital Advisors LLC increased its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 4,435.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,082 shares of the company’s stock worth $101,000 after buying an additional 3,992 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF during the third quarter worth $147,000.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

IFV traded up $0.08 during trading on Friday, hitting $28.25. 53,618 shares of the stock traded hands, compared to its average volume of 58,552. First Trust Dorsey Wright International Focus 5 ETF has a twelve month low of $21.91 and a twelve month high of $28.52. The company has a market cap of $252.84 million, a price-to-earnings ratio of 13.24 and a beta of 0.74. The business has a 50 day moving average price of $26.87 and a 200 day moving average price of $26.05.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0087 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.03 annualized dividend and a dividend yield of 0.1%.

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.