First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Large Growth in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 42,800 shares, a growth of 49.7% from the August 15th total of 28,600 shares. Based on an average trading volume of 111,800 shares, the short-interest ratio is currently 0.4 days.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.4 %

Shares of NASDAQ:FV opened at $56.06 on Monday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $41.05 and a 52 week high of $59.85. The firm has a 50 day moving average of $55.85 and a 200 day moving average of $55.97.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.0167 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

A number of institutional investors have recently made changes to their positions in FV. International Assets Investment Management LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at $588,000. Natixis Advisors L.P. raised its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 50.7% in the 4th quarter. Natixis Advisors L.P. now owns 20,563 shares of the company’s stock valued at $1,060,000 after buying an additional 6,918 shares during the period. Principal Securities Inc. purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at $99,000. Envestnet Portfolio Solutions Inc. increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 13.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,813 shares of the company’s stock worth $506,000 after purchasing an additional 1,194 shares during the period. Finally, Tortoise Investment Management LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth about $41,000.

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.