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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 86,335 shares, an increase of 170.3% from the December 31st total of 31,936 shares. Based on an average daily volume of 175,093 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 175,093 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ FV traded down $1.21 during midday trading on Friday, reaching $66.49. The company’s stock had a trading volume of 98,878 shares, compared to its average volume of 193,919. The stock has a market capitalization of $3.70 billion, a P/E ratio of 19.48 and a beta of 1.08. The firm has a 50 day moving average price of $64.29 and a 200-day moving average price of $62.31. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $47.04 and a 12-month high of $68.16.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1355 per share. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, December 12th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FV. Daymark Wealth Partners LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 54.5% in the 3rd quarter. Daymark Wealth Partners LLC now owns 83,825 shares of the company’s stock valued at $5,190,000 after acquiring an additional 29,555 shares in the last quarter. US Bancorp DE lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 10.3% during the second quarter. US Bancorp DE now owns 25,175 shares of the company’s stock valued at $1,495,000 after purchasing an additional 2,349 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at $222,000. Geneos Wealth Management Inc. boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 171.5% during the second quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock valued at $14,641,000 after buying an additional 156,052 shares during the last quarter. Finally, Madrona Financial Services LLC increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.1% in the 3rd quarter. Madrona Financial Services LLC now owns 397,604 shares of the company’s stock worth $24,620,000 after buying an additional 8,004 shares in 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.