Short Interest in First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Declines By 19.8%

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 10,309 shares, a drop of 19.8% from the March 31st total of 12,850 shares. Based on an average daily volume of 66,945 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

Shares of IFV stock traded up $0.61 during mid-day trading on Thursday, hitting $27.53. 40,792 shares of the stock traded hands, compared to its average volume of 62,341. First Trust Dorsey Wright International Focus 5 ETF has a twelve month low of $20.66 and a twelve month high of $27.98. The firm has a market cap of $246.39 million, a price-to-earnings ratio of 13.24 and a beta of 0.72. The company’s 50-day simple moving average is $26.33 and its 200-day simple moving average is $25.57.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Dorsey Wright International Focus 5 ETF

Hedge funds have recently made changes to their positions in the business. Smith Moore & CO. grew its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 213.2% in the 4th quarter. Smith Moore & CO. now owns 28,426 shares of the company’s stock worth $706,000 after purchasing an additional 19,351 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 51.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,094,834 shares of the company’s stock worth $27,185,000 after purchasing an additional 370,415 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 19.4% in the 2nd quarter. NewEdge Advisors LLC now owns 121,812 shares of the company’s stock worth $2,792,000 after acquiring an additional 19,824 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 20.4% in the 4th quarter. Stifel Financial Corp now owns 83,270 shares of the company’s stock worth $2,067,000 after acquiring an additional 14,126 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 55.3% in the 4th quarter. Cetera Investment Advisers now owns 60,015 shares of the company’s stock worth $1,490,000 after acquiring an additional 21,380 shares during the last quarter.

About First Trust Dorsey Wright International Focus 5 ETF

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.