First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 45.6% in May

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,370 shares, a decline of 45.6% from the May 14th total of 53,954 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 75,379 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV traded up $0.66 on Friday, hitting $73.56. 40,489 shares of the stock were exchanged, compared to its average volume of 125,488. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $57.00 and a 52 week high of $74.61. The company’s 50-day moving average price is $68.09 and its 200 day moving average price is $65.39.

First Trust Dorsey Wright 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 paid a $0.0514 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Elevated Capital Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at about $30,000. EPG Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at about $32,000. Asset Dedication LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at about $43,000. TD Capital Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at about $50,000. Finally, Burkett Financial Services LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at about $51,000.

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.